COVID 19

COVID 19

Do we really need to know about the epidemic COVID 19? The condition that the whole world is facing now a days left us with many questions. We also need to be clear about this epidemic or We also need to arise some questions:

1) Why US has seen more no. of cases than any other country?

2) Why China has recovered more than 93% of cases as on March 31?

3) Why Italy has seen most no. of deaths?

4) What is the rate at which it spreads?

5) Does lockdown would be helpful for the country?

6) What is the global impact of this epidemic?

7) Which sector would mostly get effected and which sector would be benefitted?

8) What would be the condition of our economy afterwards?

9) What are the different relief package that the countries are providing?

10) When its vaccine will be introduced ?

11) How people are getting recovered if the vaccine is not introduced?

We have different questions in our mind but before answering all the answers , lets first discuss what is COVID 19? COVID 19 is an infectious disease caused by a new virus. This disease causes respiratory illness with symptoms such as cough, fever, and in more severe cases , difficulty breathing. This is the general definition of COVID 19 but do we need to know more about it? So what are the research that world is doing? what are the findings of researchers in this fact? As the research done by china, there are some stats related to the symptoms are:

88% of the cases have fever

68% of the cases have dry cough

38% of the cases have fatigue

33.4% of the cases have sputum production

 and so on.

.

.

.

Here we can say that the people who are suffering from fever and dry cough has a very high chance of corona. But, in general, if we see the symptoms of common cold then runny nose is the major factor, but looking at the symptoms of corona , runny nose symptoms constitutes only 5%.

Shortness of breath is also a symptom.

WHO also told that in 80% of the cases of covid 19, we have only seen mild symptoms.

14% of the cases have severe symptoms and,

4.8% of the cases need critical care and,

rest have a possibilty to death.

The fatality rate are mostly dependent on age and health conditions:

If I consider today’s data then there are more than 800000 of the COVID 19 cases with a death of more than 39500 people where US topped the list ( in the cases) and Italy topped in the no of deaths.
How doctors recover the patients? what drugs they use?

 People who are having good immunity system are able to recover fast and the drugs that are used for the treatment are the combination of the drugs used for ebola, malaria, HIV etc. and suggesting them to be in quarantine for minimum 14 days 
So, what should we do ? What are the measures to be taken?

One and only way ……… SOCIAL DISTANCING

• This is the only way through which we can prevent ourselves
• That’s why government imposed lockdown in their countries. 
• India and South Africa have introduced 21 days lockdown period so that this epidemic would not get spread and the rate will automatically go down. 
• China, Italy, france , Newzealand , UK, USA etc have implemented the world’s largest and most restrictive mass quarantines. 
• Wuhan, china, where the virus first appeared, has been lock down for more than six weeks, and many other chinese cities still face travel restrictions.
• New Zealand enacted a mandatory 14-day quarantine for all individuals entering the country.
• The UK went into full coronavirus lockdown on March 23.
• On March 16, the European Union banned non-essential travel into the region for at least 30 days.
• Germany announced a shut down of shops, churches, sports facilities, bars, and clubs in 16 states.
• Almost every country has imposed lockdown to prevent their country.

Now, what are the economy effects that the world would face?The most effected sectors would be

:1) Aviation

• Emirates sends most of the employees on unpaid leaves
• United Airlines planning to take out their employees
• Go Air and Air Indigo cut down their employees March- month salary by 50% and 25% respectively.

2) Hotel industry

• Hotel Industry is also getting effected as no one now a days stay on hotels resulting into zero business
• Union Square Hospitality Group planning to take out 80% of their employees
• Le Meridien and Holiday Inn also planning to take out their employees

3) Event management, Entertainment and textile industry

4) Manufacturing Industry

5) Automobile Industry

6) Travel and tourism

7)BIRD also fired 30% of their employees
There are some sectors which would not get effected much-

1)Telecom sector

2) Pharmaceutical sector

3)Health care sector

4)Companies which do work from home

-Amazon is getting benefited as many online orders are being placed and Amazon is also planning to hire employees for operations
There are some other companies also which promised not to fire their employees in 2020

•  Tata
• citi
• visa
• Wells Fargo
• Goldman sachs
• Bank of America
• Morgan Stanley

Salesforce also promised not to fire their employees for 90 days.

Now coming to the unemployment rate, then In US, 32 lakh people  filed claim to be unemployed between 15 to 21 March .India has seen unemployment rate of 7.8% but this year it might go 8 or might be above 10
Moody’s also estimates India’s GDP might be grow at 2.5%Some other institution estimated it to be 4 to 4.4%
What govt is doing for all these.?Govt introduced some relief package to boost the economy:

Here, US topped the list by introducing $2.2 trillion which is approximately 10% of their GDP ( because large no. of people are effected in US) and India introduced 1.7 lakh crore which is approximately 0.8% of their GDP. Our central bank, RBI also made some changes to boost economy.

• The MPC decided by 4-2 majority to reduce repo rate by 75 basis points to 4.4 per cent.
• The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.
• A moratorium of three months of EMIs on all outstanding loans was announced.

Now let’s see, what will happen? How things will go now?HOPE FOR THE BESTAND, FOLLOW SOCIAL DISTANCING AND STAY IN HOME.