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The economic consequences of SK skoon are great

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The economic consequences of SK skoon are great

Africa News Portal / Agencies |

06 March, 2020

Global financial markets in New York, Frankfurt, Paris, Madrid, Milan and London registered a drop today, Friday, and their Asian counterparts coincided with the number of people infected with the emerging coronavirus exceeding 100,000, which confirms the fear of long-term economic consequences worldwide.
The epidemic “Covid-19” has become widespread in all continents except Antarctica, and the number of people infected with the virus in the world has exceeded 100,000, including more than 3,400 deaths in 91 countries and regions, according to a new toll.
Because of the fear associated with the economic consequences of the epidemic, oil prices fell more than 7% today, Friday, due to reports indicating the end of talks between the Organization of Petroleum Exporting Countries (OPEC) and Russia on production cuts in response to the decline in demand due to the emerging corona without an agreement.
After the Tokyo Stock Exchange closed down by 2.72%, all European stock exchanges recorded a decrease of 4% in Paris, 3.23% in London and 3.60 in Frankfurt.
Likewise, Wall Street opened sharply lower, as the Dow Jones Industrial Average recorded a decrease of 2.63%, and the Nasdaq index, which was dominated by technology stocks, fell 3.08%.
And credit rating agency Standard & Poor’s warned on Friday that a pandemic could cost the Asia-Pacific economies this year $ 211 billion and could reduce its growth to its lowest level in more than 10 years.
Today, Friday, the virus was still contained in China, with 30 new deaths recorded, the lowest number of infections in 24 hours since February 27. In China, where the virus first appeared in late December, 80,552 infections and 3,042 deaths were reported and tens of millions of people were isolated.
On Friday, the Assistant Secretary-General of the Chinese government, Ding Xiangyang, hinted that the Hubei province could be reopened soon, more than a month after it was closed to prevent the spread of the disease.
He said in a press conference, “The day that everyone is waiting for should not be far.”
The communist regime is undergoing an unusual protest campaign as one of the country’s top officials faced a wave of resentment during its visit to Wuhan, the origin of the epidemic, by residents who were isolated and looked upset by the lack of food.
The United Nations High Commissioner for Human Rights, Michel Bachelet, said on Friday that measures taken to combat the epidemic should respect human rights and be “commensurate with the estimated risk.”
“The Covid-19 virus is a test for our societies,” Bachelet said, calling for financial support for people who can no longer function due to the epidemic, especially those subject to isolation or quarantine.
The epidemic, which causes turmoil in daily life in an increasing number of countries, may strain relations between countries starting with Japan and South Korea.
On Friday, Seoul threatened to respond to “illogical” stone measures imposed by Tokyo on people from South Korea, and accused Japan of having ulterior political motives.
Many countries are taking measures to prevent entry or quarantine travelers from countries affected by the epidemic. Thirty-six countries have already imposed a complete ban on arrivals from South Korea, according to Seoul, and 22 other countries have taken quarantine measures.
The first injury was recorded in the Vatican Thursday, as was the first in Cameroon, a Frenchman who arrived in Yaounde on February 24. In Serbia, the first case of a man who visited Hungary was reported. In Slovakia, the injured man is coming from Venice.
In Egypt, the authorities announced the registration of 12 injuries among the crew of a cruise ship in the Nile.
People rush to buy masks, sterile materials, gloves, or even a protective uniform, as they are the only means of protecting against the virus in the absence of a vaccine. To ensure adequate supplies, many countries resorted to decrees to prevent the export of medical supplies.
The epidemic reveals gaps in medical systems. In the United States, the chief nurse union highlighted the situation of many hospitals unprepared for the epidemic and expressed concern about the lack of equipment and information for health care workers and their lack of necessary training.
The Congress almost unanimously approved a $ 8.3 billion emergency plan to finance efforts to fight the virus that has infected more than 180 people and left at least 12 deaths in the country.
Vice President Mike Pence, responsible for coordinating the response to the epidemic, acknowledged that the country does not have enough epidemic diagnostic tests to meet expected demand.
Most of the governments of the countries affected by the epidemic have taken other preventive measures such as postponing or canceling large-scale events.
Sports competitions are affected one by one by the epidemic, the last of which was Italian bike racing.
On Friday, Bollywood postponed the awards ceremony of the International Indian Academy of Film because of the spread of the virus, which was supposed to be held on 27 March in Indore, central India.

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