Face mask is good for public places


March, 3rd 2020

Coronavirus cases in South Korea surged and millions of children's in Japan stayed home from school. as officials struggled to contain the epidemic in more than  60 countries including the US where 2 people have died and science of a bigger outbreak  loomed.

As new  battle fronts again the coronavirus opened with surprising speed around the globe  recovered patients left Chine hastily build hospitals and isolation Wards, freeing a patient beds in the city where the Covid-19 illness has hit hardest. China where the epidemic begin in December reported only 200 to new cases over the previous 24 hours with another 42 deaths. that brings the country's total number of reported cases to 80026 with 2912  deaths in all. 

The city Wuhan accounted for most of the new cases but also saw 2570 patients released. Monday's release  was China's lowest on January 21st. China skin is about three fourth of the world's nearly 89000 cases worldwide but outbreaks were surging in other countries with South Korea Italy and Iran sharp increases.

The US counted 88 cases sent to deaths, both men with existing health problems who had been hospitalized in Washington state. A genetic analysis of the virus in Washington state where the deaths occurred suggested that the illness could have been spreading within the community for 6 weeks before the first test was detected. the coronavirus  now present on every continent except Antarctica, has infected nearly 90000  people killing more than 3000.

In South Korea the number rose 2 more than 4000 . The World Health Organization on Monday cell is the first planeload of assistant to help fight coronavirus in Iran. The second worst hit country after China is the death toll Rose by 12 to 66 in the Republic. the epidemics in South Korea, Italy, Iran and Japan are WHO’s greatest concern.

Iran's Deputy has announced on state television 523 new infections and 12 new that's giving a total of 1501 cases and 66 fatalities. Saudi Arabia  reported its first case of coronavirus, an infected person had come from  Iran through Bahrain.

Global growth plunging over coronavirus

The virus outbreak is plunging the world economy into its worst downturn since the global financial crisis the organization for economic cooperation and development 1 governments and Central Bank to find Bank to avoid an even stepper slump. The global economy is set to grow only 2.4 % this year, the lowest  since 2009 and down from a forecast of 2.9% in November.

The Paris best policy form projected the global economy would recover to 3.3% growth in 2021 during the epidemic peaked in China in the first quarter of this year and other outbreak proved mild and contained. However, if the virus spreads throughout Asia, Europe and North America Global growth  could drop as low as 1.5 % this year.

Then a message from this downside scenario is that it would put many countries into a recession which is why we are merging measures to be taken in the affected area as quickly as possible. Organization for economic cooperation and development said that the government needed to support the health system with extra pay are tax relief for workers doing overtime and short time working schemes for companies struggling with a slump in demand.

Government could give companies further financial relief by cutting social charges, suspending value added taxes and providing emergency loans for sectors particularly hard search s travel full stop in a note to some European country like fiscally conservative Germany, for over spending caps while letting programs like unemployment insurance do their job for  softening  the blow from the downturn.

Meanwhile Central Bank could provide comforting signals to stressed financial markets that they stand ready to further ease monetary policy and provide liquidity to vent if needed.

We don't want to add a financial crisis to the health crisis official with the us. The Federal Reserve European Central Bank and Bank of Japan have signaled in  recent days that they stand ready to do more if needed. If the situation deteriorated, a coordinated response of Central Bank easy and fiscal stimulus amounting to 0.5 % of economic output in G20 countries would lead to 1.2% hair growth within 2 years.


Post a Comment (0)
Previous Post Next Post