Image by Gerd Altmann from Pixabay 

WriterSimpal Kumar Suman

Biotechnologist(Research Scholar) and Scientific writer, Patna (Bihar), India

The rapidly spreading coronavirus has slowed down the rapidly growing global economy. The virus spread from the city of Wuhan in China has reached 67 countries so far. This virus emerged as a period of time, has brought the world into a panic. China has the highest number of deaths and deaths are also occurring in other countries like Iran, South Korea, the USA, Italy. There are reports of death from more than 10 countries in the world. Statistics of death and infection are increasing every day. It is believed that this deadly virus has passed from animals to humans. Their symptoms are like swine flu. But they have not been able to get exact treatment yet because their medicine has not been made yet. Pharmaceutical companies around the world are conducting research to combat this deadly disease. Some patients who were cured in China have become infected again. This has become a serious global issue. The pace of infection is such that it destroys human existence itself. This virus is challenging medical science. Biologists, Biotechnologists, and doctors from all over the world are doing research and experiments together. It takes about 10 to 15 years or more for the discovery and human use of new drugs. Making antiviral medicine for the virus is very complicated compared to others. This deadly virus causes more damage to the respiratory system, including the lungs. There are many types of coronavirus, but this is the seventh virus in the world. This coronavirus is named C.O.V.I.D. 19 (COVID-19).

There are two types of problems arising from this coronavirus. First health-related and second global economic crisis. China is the second economic system in the world. And also the world’s manufacturing hub. Due to this crisis, small companies of China is being affected. Its impact is not limited to China. They are also showing a widespread influence in the countries having trade relations with China. Due to Corona outbreaks, import-export and air transport are all affected. Other countries have imposed temporary restrictions on raw materials coming from China.  Presently, the emphasis is being given to take precautions to deal with it. Along with this, awareness is also being run among the people. At present, pharmaceutical companies, electronics companies, household products companies, companies making machines and cars are going into losses. Because of which the global economy is collapsing. The International Monetary Fund (IMF) had already referred to the global economic slowdown and was trying to get the entire world economy back on track. But outbreaks of the Coronavirus at the end of 2019 have pushed the global economy further back. The World Bank and the International Monetary Fund (IMF) are focusing on the global economy, while W. H.O. (World Health Organization), C.D.C. And UNESCO is engaged in monitoring and discharge of health-related works. In view of the international emergency, the World Bank has decided to give 12 billion dollars in loans to developing countries so that it can manage, control and prevent all the situations. However, the effect of this deadly virus can last for many years. This effect can last as long as the economic crisis in developing countries. Exactly global data will be known when the problem stops. Right now people have to take precautions.   


References: WHO, CDC, WB, UNESCO