Covid-19-Extreme Disorder and Tightening Noose

Covid-19-Extreme Disorder

  • Covid-19 has turned out to be the most catastrophic and most defining epoch of our lifetime.
  • Flattening of this epidemiological curve has also resulted in an economic cessation.
  • US and Europe have emerged as the deadlier hotspots as compared to China.
  • Over 1.73 million people have contracted the novel virus with more than 0.1 million have succumbed to it.
  • At present nearly half of the world՚s population (3.1 billion) is under lockdown.
  • It has been estimated that globally at least 25 million people will be unemployed, $ 3.4 trillion loss in workers income according to International Labour Organization (ILO) .
  • 55% of the world population doesn՚t have the access to social protection.
  • UNCTAD (United Nations Conference on Trade and Development)
    • The global economy would slow down to below 2% in 2020.
    • $ 1 trillion job losses
  • IFPRI (International Food Policy Research Institute)
    • 1 % of global economic slowdown pushes poverty levels by 25% .
    • 14 million new poor in the world
    • Labour productivity and supply will be reduced by 1.4% in 2020.
  • The World Bank estimates
    • 100 million people fall back into extreme poverty each year due to unexpected catastrophic health expenditures.
    • Over 40% of the world՚s population has no health insurance or access to national health services.
    • In India close to 68% of households incur out-of-pocket medical expenditure due to dependence on the private healthcare system.
    • Dependence on private healthcare system will further push millions of people into poverty.
    • In Maharashtra there is only one govt. hospital for every 0.17 million people.
    • Currently 820 million people endure chronic hunger of them 113 million are so food insecure that in absence of additional assistance they may die.

Tightening Noose

  • COVID-19 has spared no continent except Antarctica.
  • US and Europe have already overtaken China the country of origin.
  • On 11th April 2020 US recorded over 2,000 deaths on a single day.
  • On 2nd April the worldwide cases surpass 1 million.
  • On 26th March cases in the US surpass those in China and Italy thereby making US as the new epicentre of the pandemic.
  • Africa reported 13,666 cases with 743 deaths.
  • Asia recorded 284,479 cases with 10,541 deaths.
  • America recorded 614,674 cases with 23,826 deaths.
  • Europe recorded 813,829 cases with 73,007 deaths.
  • Oceania recorded 7,569 cases with 68 deaths.
  • 696 cases and 7 deaths have been reported from an international conveyance in Japan.
  • By April 12,2020 over 108,000 people have died of COVID-19, with European countries accounting for over 675 of the deaths.
  • In India thousands of migrant workers rushed to their villages as businesses closed.
  • Many states imposed restrictions to maintain social distancing – at least half a metre gap between two persons.
  • Markets in Odisha were shifted and set up in such a way that the distance between two sellers was at least 12 metres.

Examrace Team at Aug 20, 2021