Economy and Coronavirus

COVID-Puzzle, COVID-Awareness, COVID-19

COVID – 19 has not only affected the asset prices and stock market but real lives and day to day activity. Stock markets have crashed earlier too but this time the situation is very different as there is no manipulation or speculations but a global pandemic.

We can be in a position of recession in coming years. There is no production of goods, there is a forced stop for all production activity, not only within the country but supply of goods from outside the country too.

Everything is so interdependent in the economy. Like if a restaurant is ordered to shut down there will be no demand of green grocer items, unutilized manpower. The owner has to pay their fixed expenses (rent, power, salary etc) but no income in the hands of green grocer and manforce.There is no revenue but expenditure.

A consumer now is spending on essential commodities and there will be a huge fall in the demand of non-essential commodities in the market(affecting its production and revenue generation to economy).

Due to this drop of demand and supply in the economy there is less movement of money in the economy. This lack of economic activity and thereby less money in the economy is going to hit everyone.This story plays across the sectors, across the economy and across the world.The coming days are crucial in terms of dealing with this pandemic and its economic impact.

Both the Monetary and Fiscal policy support will be required to face the tough situation.

COVID-Puzzle, COVID-Awareness, COVID-19

Coronavirus – At a glance

COVID-Puzzle ,  COVID-Awareness ,  Economy-COVID

The World Health Organization (WHO) has declared the new corona virus outbreak which originated in Wuhan (China) as a global pandemic. This virus has spread in almost 210 counties of the world wide. The worst affected countries are China, Italy, USA, Spain and many more in the list.

Symptoms ranged from people with mild symptoms to people being severely ill and dying. It include fever, cough, shortness of breath i.e. flu like symptoms.

The incubation period of COVID-19 is between 1 and 14 days. In some patients particularly elders and other with some chronic health conditions, symptoms can develop into pneumonia, chest pain and shortness of breath which leads to respiratory or multi organ failure.

If we study the mortality rate about 2% reported cases the virus is fatal in which ratio of older people are more and relatively less cases are seen in children.

COVID – 19 spread from person to person in close proximity. Droplets of bodily fluids like saliva or mucus from an infected person are dispersed in the air or on surfaces while coughing or sneezing. And if other people come in direct contact or touch the infected surface and then their face, the virus gets transmitted to that person too.

So important precautions includes :

1. Wash your hands frequently with soap and water or using alcohol based hand rub as it kills the virus that may be on our hands.

2. Most and very important maintain Social distance, maintain at least 1metre distance between yourself and anyone who is coughing or sneezing.

3. Avoid touching eyes, nose, mouth, as virus can enter your body and make you sick.

4. Practice respiratory hygiene, this means covering your mouth and nose with your bent elbow or tissue paper when you cough or sneeze and then dispose the used tissue immediately.

5. If you have fever, cough and difficulty in breathing seek medical advice; do not take any medicine on your own.

COVIDPuzzle, COVID-Awareness, Economy-COVID