Question

Due to corona virus effects on world essay​

Answer 1

Answer:

While the COVID-19 outbreak may be stabilizing in China, it is spreading rapidly in other countries, especially in Japan, South Korea, and Iran. As of February 24, 2020, more than thirty-three countries have reported confirmed cases. Although the number of cases in most countries remains relatively small, it may be just the “tip of the iceberg,” according to World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus. Already, U.S. Centers for Disease Control and Prevention (CDC) officials are preparing for the scenario in which the virus evolves into a pandemic—a scenario in which businesses and schools may have to be shuttered for weeks to contain further spread of the virus. As a coronavirus pandemic looms large, how it may affect world economy becomes a major concern.

Since the situation worldwide is still evolving, it's too early to make even a rough estimate of the exact overall cost to the global economy. That, however, does not prevent us from exploring some of the ways in which a full pandemic would lead to economic downturns. Few would dispute that a coronavirus pandemic may take a heavy toll on the world economy. Still, the economic impact may be more complex than we have thought.

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