The current outbreak of the novel coronavirus is the greatest challenge the world has faced since World War II. This is the warning from UN Secretary-General Antonio Guterres, who believes this could lead to a recession that is unlikely to have a parallel in the recent past.
Its warming comes after different nations around the world have taken different measures to fight this pandemic, which in turn has an impact on the economy.
Worldwide, 926,625 cases were confirmed and 46,438 people died of the virus, with only 193,431 recovering after the infection.
The reported death toll in the United States 4,697, is more than the reported death toll in China, 3,312, where the virus originated.
As the Johns Hopkins University reports, more than 800 people have died from the virus in the United States in the past 24 hours and 188, 592 positive cases have been confirmed.
102,179 and 110,574 positive cases were confirmed in Spain and Italy. The virus has claimed 667 lives in the last 24 hours, increasing the total number in Spain to 9,131. Italy leads the European countries with 13,155 confirmed deaths.
Elsewhere, it was confirmed that the 13-year-old boy died in the UK from the virus, which has 2,352 death toll.
With this alarmingly increasing rate, experts are now predicting that approximately three out of four American citizens are locked in some form now or soon. This happens after the US has tightened its measures in the fight against the coronavirus, which is now shaking the world.
When Mr. Guterres spoke during the report at the UN headquarters in New York about the possible socio-economic impact of the outbreak, he said that this new pandemic is attacking the core of societies and it is also a challenge to people’s lives.
Different countries in the world are now introducing several measures, including, restricting the movement of people inside or outside the country, closing down most companies that are not considered essential to curb the spread of this disease. Such restrictions have a significant impact on the economy.
On Tuesday, the World Bank warned that significant economic pain is inevitable in all countries and represents a high risk for households that are particularly dependent on the industry.
The UN report suggests that 25 million people around the world could lose their jobs. It is also predicted that the pressure of up to 40% will be felt on global foreign direct investment.
Mr. Guterres said that COVID-19 is the largest test that the United Nations has faced since its inception, and is now calling for an immediate, coordinated health response to suppress transmission, spread, and end the pandemic.
He also urged industrialized nations to bail out the less developed before the world faces a nightmare of disease that spreads like wildlife. In the meantime, Trump is asking American citizens to prepare for two very painful weeks, as the White House believes over 100,000 Americans could die from the disease.
Rachel Lott is a Reporter for Chroniclex After graduating from Cuyahoga Community College, Rachel got an internship at USA Evening and worked as a Reporter and Producer. Rachel has also worked as a Reporter for WKYC TV and Fox News Channel. Rachel Covers International Developments.