Economic Impacts Of Covid 19
European Journal of Molecular & Clinical Medicine,
2020, Volume 7, Issue 7, Pages 5812-5819
AbstractThe first cases of COVID-19 flared up on late December in Wuhan, which is a popular city in the Hubei province of the Chinese nation .This virus is seen particularly in animals, most particularly in bats, camel,cows and certain species pigs .Although it is known that transmission of viruses from animals to the human population is quiet rare, on one hand it is said that this new mutated version of the virus has most likely originated from bats. Whereas on the other hand research has shown that pangolins may be the culprit. Although it is still not known how the virus transmitted to human beings, some reports trace the evidence of first case back to an animal market in Wuhan. This could be the most probable reason how SARS-CoV-2 started to transmit .Close contact with an infected person within 6 feet apart is the common mode of transmission of this virus .The virus is most infectious when an individual’s symptoms reach the peak level. Moreover ,carriers are another major reason for the spread of this infection as they don’t experience any symptoms. Some studies recommends, less than 15% of contamination are from individuals showing no symptoms. Although most instances of COVID-19 are not fatal, it can cause indications that become serious causing demise in certain people.
The emergence of COVID-19 pandemic has caused various implications apart from the spread of the disease itself and the efforts made by the people to contain it. As the infection has spread worldwide, due to the rising concerns of the virus of the infection it has affected the supply side and resulted in diminished profits of various business.33% of the world population was under quarantine which has invariably resulted in the downfall of economic activities .Production deficiencies were also witnessed due to hoarding of goods in a panic buying spree in various grocery stores and supermarkets.In addition to this, the excessive use of various products such as sanitizers ,mask and other sanitary need products have disrupted logistics and created further chaos. Surprisingly the demand for medical equivalents have drastically increased.
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