Looking back at the couple of years that went by, we can surely say that humans and humanity have come a long way. Getting through the pandemic that affected each and everyone of our lives, has changed the way we experience living in the world before the outbreak of WorldCoronaVirus.
Not only on an individual level, but Corona Virus has affected everything associated with humanity globally. Those who have survived and are alive to see a better world, they are unfortunately not going to see a better world, but a different one indeed.
WorldCoronaVirus pandemic has reached and greatly affected almost every country in the world. Its spread has left national economies and businesses bearing the costs, as governments struggle with new tactics to control the pandemic and implement lockdown measures to tackle the spread of the virus.
Despite the several developments of new vaccines and safety protocols, it is still a mystery what recovery could look like. Whether things will ever get back to normal or not. Or what is even ‘normal’ after the pandemic.
Below are some facts that will help you understand how WorldCoronaVirus has affected the world so far.
WorldCoronaVirus Impact on Economies
The WorldCoronaVirus pandemic has brought forth capitalist dysfunction which shows that considering profit over people can cause drastically bad results. According to various studies conducted, the economies were more responsive toward the impact of the disease outbreaks as compared to the economies wherein the impact of the disease was moderated by the government involvement. This simply also gives us the idea that the impact of the disease outbreaks can be moderated by increasing the involvement of the government authorities.
While the major Asian and US stock markets have recovered after the outbreak of the pandemic, following the announcement of the launch of the first vaccine.
- The FTSE dropped 14.3% in 2020, its worst performance since 2008.
- Banks in many countries have slashed interest rates. In theory, this step could make borrowing money cheaper and encourage spending to boost the economy.
- Many markets experienced recovery in the month of January, but this can also refer to the normal tendency of sales in this month known as the “January effect”.
- Analysts have shown a possibility of further lockdowns and delays in vaccination programmes that might trigger more economic troubles in the market.
- Many individuals have lost their jobs or experienced slashes in their incomes.
- Unemployment rates have increased across major economies and many countries are still facing unemployment issues.
WorldCoronaVirus Impact on Global Health
Since the outbreak of WorldCoronaVirus, public health officials have assessed the performance of countries during the pandemic. According to a research study, the GHS Index was found to have a positive correlation with Corona Virus associated morbidity and mortality rates in 178 in total different countries.
After the analyses, the researchers found some positive association to be of limited value in determining a country’s ability to cope with the pandemic. The pandemic has caused an overwhelming situation in the healthcare systems around the world, impacting the diagnosis and treatment of other diseases.
The previously ongoing social distancing and lockdowns have greatly reduced diagnostic rates for infectious diseases such as seasonal flu. However, individuals having medical issues have started avoiding seeking help for other health problems due to lockdowns, which lead to reduced diagnosis and treatment despite the issues still being present.
WorldCoronaVirus has also caused scientific research around the world to solely focus on the solution and creating vaccination for COVID-19, which caused potential delaying in research and breakthroughs on other diseases and ailments.
Moreover, the pandemic also affected other infectious diseases such as malaria, HIV and tuberculosis that were put on the sidelines, while still being very commonly occurring problems in vulnerable populations. An assessment done in September 2020 concluded with the data on vaccine of the pandemic and said that vaccine coverage in health systems had been pushed back by around 25 years in 25 weeks.
Unfortunately, around half of the world’s population did not have access to essential healthcare before the pandemic hit the world, and this number has tremendously been increased by the pandemic. Healthcare systems across the globe need to become more accessible and need to be prepared for future pandemic-like events and situations. This may help with controlling the outbreaks much quickly and will reduce the impact on the management of other diseases.
WorldCoronaVirus Impact on Education
To control the spread of the virus and overcome the pandemic situation, schools and educational institutions closed across the world. After the pandemic, almost half of the world’s students were affected by school and educational institution closures. This mainly affected the female gender in many countries where millions of girls might not be going back to school at all even after the lockdown ends, putting them at risk of adolescent pregnancy, child marriage and violence.
With the closures of schools, they have also had to take on more responsibilities at home. Whether through job losses or school closures, the pandemic threatens to undo decades of progress on gender equality. This has and will greatly impact the progress female gender has made and will leave them behind in many races of life from the other gender.
WorldCoronaVirus Impact on Climate
WorldCoronaVirus is also slowing clean energy progress, at least temporarily, by delaying investment and slowing the deployment of clean energy technologies. There has been a recorded 30% less investment in clean energy transition.
Another thing that has positively affected is the global energy-related carbon emissions that fell by 5.8% in 2020. This is the largest ever decline in global carbon emissions. But that was only a short-term effect of lockdowns, not a permanent change, as demand for coal, oil and gas returned to near pre-pandemic levels in 2021.
WorldCoronaVirus Impact of Employment and Industries
The Wellcome Global Monitor 2020: Covid-19 report found that the pandemic has had a disproportionate impact on low-income countries. People with low incomes across all countries have become affected. Almost 45% of workers in low and lower-middle-income countries lost a job or business due to the pandemic, compared to just 10% of people in high-income countries who have sustained in, during and after the pandemic.
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