Impact of Coronavirus on the World

With worldwide cases of coronavirus going to touch 10 Million this week, normal days are a farsight.To date, there are no specific vaccines or medicines of Coronavirus. Many vaccines are in trial stages, that will take month before approval, and also after a vaccine is manufactured, it will be a long drawn out way till it is provided to all affected countries.This long pandemic will affect us imposingly.

It is having many impacts on the world –

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1. Economical impact -Amid the Covid-19 pandemic, several countries resorted to lockdown to “flatten the curve”, of the infection.That lead to ceasing of almost all economic activities.

According to the International Monetary Fund (IMF), the global economy is expected to shrink by over 4.9 per cent in 2020 – the steepest slowdown since the Great Depression of the 1930s.And the resurgence of COVID-19 in 2021 could leave economies struggling for years to come.

World trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic.

Economies such as the US, Japan, the UK, Germany, France, Italy and Spain are expected to contract this year by 5.9, 5.2, 6.5, 7, 7.2, 9.1 and 8 per cent respectively.

Advanced economies have been hit harder, and together they are expected to grow by -6 per cent in 2020.

In many countries with phased unlocks , economic activities are now getting restored, but making them stable is a long term work.

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*Unemployment* – The International Labour Organization stated on 7 April that it predicted a 6.7% loss of job hours globally in the second quarter of 2020, equivalent to 195 million full-time jobs. The new coronavirus could claim up to 24.7 million jobs, according to International Labour Organization (ILO) estimates.

During lockdown, many people were laid off due to shutdown, lack of liquidity. At that time, unemployment raise to 14.7% in US …but with unlocks now there is a decline observed in unemployment rates.

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2. Political impact– This had affected the political system of multiple countries causing suspensions of legislative activities, isolation or death of multiple politicians and rescheduling of elections due to fears of spreading the virus.


According to research from the International Institute for Democracy and Electoral Assistance, at least 56 countries have delayed national or regional elections due to the coronavirus pandemic.

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*Leader popularity* -The coronavirus pandemic has put world leaders to the test.

Some have addressed the crisis head-on while others have floundered or equivocated. Some have presided over successful efforts to contain the virus while others have seen massive outbreaks bloom on their watch. Some leaders like Japanese Prime Minister Shinzo Abe, Brazilian minister Jair Bolsonaro saw a decline in their approval ratings, while Australian Prime Minister Scott Morrison and German Chancellor Angela Merkel ‘s approval ratings surged.

New Zealand Prime Minister Jacinda Ardern is a leader who saw her popularity rose globally because of her praiseworthy handling of this pandemic.

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3. Impact on International relations – This pandemic affected diplomatic relations as tensions around trade and transport of medicines, diagnostic tests and hospital equipment surfaced.

With United States and many other countries criticising Chinese government for mishandling this pandemic, a rift could be observed in international relations.

Also the US president declared the suspension of the US funding to the WHO and accused it of mismanaging the pandemic and being unaccountable. After a week of this, China announced extra $30 million funding to WHO “in support of global efforts to fight COVID-19 and the construction of public health systems in developing countries.”
Many other countries are facing strains in their relationships during this pandemic.

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4. Income – One of the most pressing economic challenges the world could face post Covid-19 is increasing income inequality.
The conventional containment response to pandemics (i.e. social distancing and lockdowns) tend to affect poorer segments of the society disproportionately as they typically have jobs that cannot be performed remotely, e.g. construction workers, taxi drivers, housekeeping and maintenance staff, factory workers etc. and require physical presence at work sites.

This will disproportionately affect low-income workers despite government support schemes.

With unlocks, now new jobs are being provided. But “income inequality” is still there.
In India, daily wage labourers are being provided work by their respective state governments.

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5. Educational impact– During lockdown, schools and colleges switched to e- learning.


But some students can’t even afford mobile phone, how they were supposed to take online classes.And also in some houses, more than 1 child relies on one device for their classes, they need to wait for their turn. In distant places there is persistent network issues, which also is a roadblock in taking online classes.

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https://www.newindianexpress.com/states/kerala/2020/jun/02/lacking-smartphone-to-attend-online-classes-class-9-girl-sets-herself-ablaze-in-kerala-2151154.html

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*Online courses* – A report by global online learning platform Udemy shows that online learning enrolments have soared across the world. Apart from students, professionals are also going online for upskilling and reskilling.

A course entitled “The Science of Well Being” at Yale University has seen a 295% increase in enrolment numbers in recent months. With unlocks in some countries like China, Germany schools have been opened, while in some countries like India schools are still closed.

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https://www.newindianexpress.com/world/2020/jun/16/beijing-orders-city-schools-closed-again-over-new-coronavirus-outbreak-2157434.html

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6. Impact on mental health – This pandemic took a toll on people’s mental health too. The main psychological impact to date is elevated rates of stress or anxiety.

As the pandemic wears on, it is likely the mental health burden will increase as measures taken to slow the spread of the virus, such as social distancing, business and school closures, and shelter-in-place orders, lead to greater isolation and potential financial distress.

Anxiety has spread because of a wide array of concerns, including uncertainty of when normalcy is going to return, worries about contracting the virus or of ones loved ones getting sick, of how long isolation will continue, and the loneliness caused by this isolation can all lead to negative overthinking.

With unlocks, the world is seems to be get back on track. But the frontline healthworkers are still fighting for us, they are going through so much pressure which is squashing their mental health .

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7. Other impacts

The World Health Organization says that “based on current evidence, human to human transmission remains the main driver” of the COVID-19 pandemic, but that “further evidence is needed to understand if animals and pets can spread the disease.”

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  • Domestic Violence
  • Digitalisation – A global pandemic has pushed businesses everywhere into an accelerated state of digitalization. Microsoft reported a 775% increase of cloud services in regions with enforced social distancing in place. With lockdown, video chat apps downloads grew,Online transactions increased.

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Many countries are opening lockdown in phases. With unlocks, people are returning to work.The cases of coronavirus are increasing , but the recovery rate is also improving. With so many attempts around the world to manufacture the vaccine for Coronavirus, the hope for the world to be normal again is still high.

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