COVID-19 & IMPACT ON WORLD

COVID-19 & IMPACT ON WORLD
is an infectious disease caused by a newly discovered corona virus. Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

 

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered corona virus

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment.  Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness

The best way to prevent and slow down transmission is be well informed about the COVID-19 virus, the disease it causes and how it spreads. Protect yourself and others from infection by washing your hands or using an alcohol based rub frequently and not touching your face 

The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it’s important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow)

At this time, there are no specific vaccines or treatments for COVID-19. However, there are many ongoing clinical trials evaluating potential treatments. WHO will continue to provide updated information as soon as clinical findings become available

 

Last week’s economic forecast is out of date, and no one can be sure what the future holds. Because everyone is asking, here are my thoughts on the economic implications of the COVID-19 pandemic.

The stock market is not the economy. That’s fortunate, but we only need a little connection to get pessimistic. The usual direction of causation is from the economy—and expectations about the economy—to the stock market. Occasionally there is a little backflow, with the stock market impacting the economy through lower wealth for consumers and less ability for corporations to raise funds in equity markets. That is a fairly small effect right now. The stock market is not causing trouble, it’s reflecting trouble.

New reports have reflected what’s newsworthy: stock market decline, deaths and business closures. People getting up in the morning and going to work is not newsworthy, but it’s more common than layoffs. Keep that in mind when assessing the overall situation. The pandemic hurts the economy in four basic ways. First, supply chain supplier , back when this was a China thing. Supply chains are still a problem, but not the worst today In: Leadership Strategy

The second harm results from direct effects of illness in lost work by those who are sick or tending to the sick. So far this is a tiny impact

Finally, the economy is beset by demand shocks as people’s incomes are limited by job loss and, in the case of small business owners, profit loss

Source: Economic Forecast Update March 20, 2020 For COVID-19, Corona virus Impacts

https://www.forbes.com/sites/billconerly/2020/03/20/economic-forecast-update-march-20-2020-for-covid-19-coronavirus-impacts/#16a3ebec2f07

 

Apr 7, 2020 14:06
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