Corona virus affects world economy in a significant way

Published on : Thursday, February 27, 2020

The world is now struggling to fight the novel corona virus (COVID-19) outbreak that has claimed thousands of lives, devastating economic activity, not just in China the virus epicenter, but also in many countries around the world since the beginning of this year.

 

According to a recent World Health Organization report, more than 78,000 people have contracted the pneumonia-like illness with 2,462 deaths till now. Sstatistics reveal a 3.12 percent fatality rate, causing worldwide virus hysteria.

 

The virus has now spread to 28 countries, disrupting businesses in China along with other countries with lockdowns and travel warnings to the world’s second-largest economy. We already know that China is extremely strong in manufacturing, but its tourists also play an increasingly important role in the world economy.

 


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