Coronavirus Predictions: The Duration and Economic Impact of Covid-19

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The outbreak of the novel Coronavirus has alarmed the world. Doctors are fighting incessantly to save lives. Everyone is looking forward to the day when the threat will finally be overcome. With varying coronavirus projections, governments, organizations, and businesses are doing everything in their power to flatten the curve of the spread of Covid-19.

Front Signs is working on the front lines of that effort, producing protective face shields that prevent the direct splash of contaminated fluids. Donations of the product have been made to a number of hospitals already and will continue while supplies are necessary. The revenue from sales is being used to produce and donate more face shields to help fight the spread of the pandemic.

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We all want to know the answer to the question of how long will the coronavirus outbreak last, or whether it will ever end. The impact of the virus and total lock-down in most countries is going to take a big toll on the global economy according to many expert predictions.

When Will Coronavirus End

when will coronavirus end

Starting in December 2019, the number of people affected by Coronavirus has been rising exponentially. According to worldometers.info, there are 199 countries and territories affected by the coronavirus as of March 30th. While these numbers are not exactly encouraging, there is hope that the nightmare won’t last long.

How Will COVID-19 End

Recent research conducted by (MIT) professors offers more promising results. Countries with warmer weather appear to slow down the transmission of coronavirus infections more easily.

Absolute humidity is another factor being studied by the professors as it appears to have an impact on virus transmission as well. According to the same research, “90% of the 2019-nCoV transmissions until March 22, 2020, have occurred in regions with a temperature between 3 and 17C and absolute humidity between 4 to 9g/m3.”

These facts reassuringly suggest that the upcoming warm weather changes in the northern hemisphere will help slow or even stop the spread of the global pandemic.

China has already reported a huge decline, with almost no new local cases having been recorded since March 19. While the residents of Wuhan still have to obey strict restrictions, the government announced that they will be lifted on April 8. Hopefully, this is the beginning of the end of Covid-19.

The life of each person affected by the coronavirus is precious. As vital as they are, the measures taken to decrease the spread of the pandemic can have a huge impact on the economy of the USA along with the rest of the world. What will be the economic impact of the new Covid-19 virus? This question is no less important.

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What Will the Coronavirus Economic Impact Be

The pandemic is not yet over and we don’t know how long it will last. The mass quarantine in a lot of countries will surely make an impact on the economy of the whole world.  

Globally, the coronavirus shock is severe even when compared to the Great Financial Crisis of 2007–08 according to WeForum.org.

coronavirus economic impact

The Organization for Economic Cooperation and Development (OECD) warns that “the global economy could grow at its slowest rate since 2009 this year due to the coronavirus outbreak.” Here are some points to understand regarding how Covid-19 affects different spheres of the world’s economy.

  • Stock markets have seen tremendous falls since the beginning of the outbreak. 
  • With more than 100 countries implementing travel restrictions, the tourism and hospitality sector is suffering the most. According to estimates by ForwardKeys, 48,200 flights with 10.2 million seats could be cancelled because of the constraints.
  • China has seen a fall in industrial production of around 14%. The country is the largest exporter and manufacturer in the world.
  • The price of oil has reached its lowest point since 2001. It wasn’t even this low during the 2007-08 stock market crash. The price of gold has plummeted as well.

With such a dire coronavirus forecast, it’s hard to predict what the world will look like after the crisis ends. These relevant analytics are just a glimpse into what’s going on in the world right now. The proactive steps taken by governments to slow down the spread of the infection will certainly have a big economic impact for some time. Hopefully,  saving lives will prove a major benefit to the economy in the long-term. 

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