The new kind of virus – Coronavirus has become one of the biggest threats to people, global economy, enterprises, corporations, financial markets, and countries overall.
It’s rapidly growing day by day leading to a decrease in economies, harming the health of people, and even cause death.
Today, I’ll try to cover all the key points concerning this modern disease to keep you updated, and prepared for any situation. I’ll keep it short, but informative at the same time.
Here we go!
So What is Coronavirus?
Generally, coronaviruses (officially called Covid-19) are a family of viruses that cause disease in animals.
Coronaviruses are a family of viruses that can already have a huge impact on the lungs and airways of people.
Also, there are two other types of coronaviruses:
- MERS (Middle East Respiratory Syndrome);
- SARS – Severe Acute Respiratory Syndrome.
Overall, they say that the last two kinds of coronaviruses are much more severe than the 1st one. In fact, following the tendency of death in such a short period of time makes us think that the 1st one is much crueler than the others.
What are the Symptoms of Coronavirus?
Generally, there are several symptoms to know if you have COVID-18. The symptoms can be really different, ranging from having temperature to pneumonia.
However, most people recover quite easily. Just a minor group of people are having long-lasting difficulties with the health system or even death.
Totally, people with coronavirus may experience the following symptoms:
- Temperature;
- Fever;
- Cough;
- Difficulties while breathing;
- Pain in the chest;
- Shortness of breath.
Wuhan (China): How Did the Coronavirus Start?
Wuhan is a city located in China and is the capital of Central China’s Hubei province. It’s considered one of China’s commercial centers in China.
The virus first was detected in right the city of Wuhan in December 2019. However, the number of sick people has already started to decrease. Good sign!
Today, the virus has already infected thousands of people in tens of countries worldwide.
Based on the World Health Organization statistics, more than 100 countries and territories globally are experiencing this kind of tough situation today, having also dead people in many countries.
Although China is where it all began, the tendency of virus development is currently decreasing there when the number of sick people in the world is still increasing.
Coronavirus World Situation
From Japan to the USA and New Zeland: COVID-19 has already spread in almost any corner of the world.
According to Worldometers, the disease level has rapidly grown up during the last 3 months. The number of sick people in around 3 last months has passed 180,000 people limit.
Still, there is a hope that the virus development tendency will slow down and give a chance to people to go back to their previous lives.
Let’s also see how Coronavirus spread in the world day by day.
The coronavirus has already gone global, and there is an opportunity that it can lead to the world economic crisis.
Coronavirus Impact on the Global Economy
Covid-19 has enlarged around the world and impacted also the vast majority of the world countries.
Overall, Italy has the highest number of coronavirus cases in the world outside of China:
The second country with the most COVID-19 cases in Europe is Spain.
The virus has also an enormous impact on the economies of the countries. So the heads of the Governments need to take action as quickly as possible to tackle the health and economic issues.
Today, numerous shops, theaters, fitness centers, restaurants, and other entertainment places are closed to prevent virus spread.
Many countries have also declared a state of emergency and already started the COVID-19 testing process.
Governments need to implement well-resourced public health measures to prevent infection and overcome it as soon as possible. This is also another chance for numerous healthcare systems and workers to show their professional and innovative approach to the epidemic situation.
Although China is no longer the center of the epidemy, many economists fear that the spreading worldwide the virus can still turn back to China’s borders.
Also, they think that the virus tendency can hurt the economy of China by affecting the demand for exports level.
The changes will impact not just China’s economy but the world economic situation. If the markets fall, millions of investors can lose millions or even billions of dollars worldwide.
Today, if the epidemy continues for several months the economy will not just slow down but also many countries will not recover for months or even years.
Nevertheless, on Wall Street, numerous business giants still hold out hope that the worst will pass soon and give a chance to catch up.
All in all, some economists believe that economic fallout could include declensions in some areas including the United States and EU. Also, the slowest growth on record can also be in China, having a total of around $2.7 trillion in lost output – equivalent to the entire GDP of the U.K.
Hopefully, macroeconomic policies will help to stabilize the situation and bring people to their normal lives.
Take care!
James is the Founder & CEO of GurusWay.com. Majoring in Business and other life-changing sectors, James covers helpful content and shares his experience with the targeted audience.