EXPAND THE THEME . CORONA VIRUS IS CHANGING THE WORLD.
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According to the WHO coronavirus has now spread to more than 87 countries and around 98,000 cases have been registered worldwide. Infection numbers are rising daily in Europe, where more than 150 people have died of the virus, most of them in Italy. Europe's press wonders how the epidemic will alter our societies and our future The Coronavirus disease (COVID-19) has impacted every segment of life like commercial establishment, education, economy, religion, transport, tourism, employment, entertainment, food security, sports, etc. The outbreak is a major destabilizing threat to the global economy. Economist intelligence unit has forecast that markets will remain volatile until a clearer image emerges on the potential outcomes. One estimate from an expert at Washington University in St. Lois gave $3000+ billion impacts on the world’s supply chain that could last up to two years.
Global stock markets fell on 24 February due to a significant rise in the number of COVID-19 cases outside China. On 27 February, due to mounting worries about the Coronavirus outbreak, the US stock index posted its sharpest falls since 2008. The stock plunged again due to Coronavirus fears, the most massive fall being on 16 March. Many consider an economic recession likely.
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