Coronavirus Impact On Global Economy

Coronavirus Impact On Global Economy

Coronavirus effect global economy in many ways first of all lets discuss about the overview of coronavirus so question is:

WHAT IS CORONAVIRUS?               

The coronavirus disease 2019 (properly labeled COVID-19 by the World Health Organization on Feb. 11) is a respiratory sickness that first broke out in Wuhan, China.

Survey

It was declared a public health emergency on

Jan. 30 by the World Health Organization.

                                                               -United States

 As of March 18, the illness has claimed more than 8,012   lives (and infected more than 202,277) and has spread   beyond China’s borders to countries including the   US and Europe.

Areas with Confirmed COVID-19 Cases, by WHO Region

 Africa

• Algeria
• Burkina Faso
• Cameroon
• The Central African Republic
• Congo
• Equatorial Guinea
• Eswatini
• Democratic Republic of Congo
• Ethiopia
• Gabon
• Ghana
• Guinea
• Ivory Coast
• Kenya
• Liberia
• Mauritania
• Namibia
• Nigeria
• Rwanda
• Senegal
• Seychelles
• South Africa
• Sudan
• Togo

Americas

• Antigua and Barbuda
• Argentina
• Bolivia
• Brazil
• Canada
• Chile
• Colombia
• Costa Rica
• Cuba
• Dominican Republic
• Ecuador
• French Guiana
• Guadalupe
• Guyana
• Honduras
• Jamaica
• Martinique
• Mexico
• Panama
• Paraguay
• Peru
• Saint Lucia
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Uruguay
• United States

Eastern Mediterranean

• Afghanistan
• Bahrain
• Egypt
• Iran
• Iraq
• Jordan
• Kuwait
• Lebanon
• Morocco
• Oman
• Pakistan
• Qatar
• Saudi Arabia
• Tunisia
• United Arab Emirates

Per the CDC: “symptoms of 2019-nCoV may appear in as few as 2 days or as long as 14 after exposure.”

SYMPTOMS

Symptoms may include:

1. Fever
2. Cough
3. Shortness of breath
4. Respiratory problems

A few tips to prevent infection :

1. Wash your hands with soap and water
2. Avoid touching your face
3. Stay home if you’re sick
4. Clean and disinfect surfaces
5. Cover your mouth and nose with a mask if you are coughing/sneezing

How does the coronavirus spread?

The disease is now spreading between humans who are representatively within 6 feet of one another, and who give out respiratory 1 droplets that come from a cough or sneeze that get inhaled by another person, per the CDC.

While the coronavirus “probably at first they came out from an animal source,”

Visit the CDC for the latest information.

BUSINESS IMPACT

Apple is one of those. The store, which relies heavily on Chinese factories and people (who use a product or service), announced on Feb. 18 that it was cutting sales forecasts for this quarter as a result of the coronavirus.

The virus has very much impacted supply chains in China and the big companies that depend on them, including automakers, toy manufacturers and very large stores.

A new study shows that the coronavirus could hit/affect more than 5 million businesses worldwide, CNBC reports.

The coronavirus has made a dent in the (world-wide process of people making, selling, and buying things)

In incomes reports, coronavirus has become a recurring problem:

More Info

A FactSet paper analyzing 364 earnings calls from Jan 1 through Feb 13 found that

38% of the calls mentioned “coronavirus.”

See a list of how other organizations including Hasbro, Gilead Sciences and General Mills are being affected and reacting to COVID-19:

https://www.marketwatch.com/story/what-apple-walmart-and-other-us-companies-are-saying-about-the-coronavirus-2020-02-18

See the latest guidance from the CDC about how employers should respond to COVID-19 here:

https://www.cdc.gov/coronavirus/2019-ncov/specific-groups/guidance-business-response.html?CDC_AA_refVal=https%3A%2F%2Fwww.cdc.gov%2Fcoronavirus%2F2019-ncov%2Fguidance-business-response.html