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CORONA virus and its impact on economy

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BAC IT Company
CORONA virus and its impact on economy

Before we talk about the novel CORONA virus, we should gather up some knowledge about virus itself and how exactly it works. To be precise it spreads from species to species and nestles up into that species and grows up swiftly.

            Now the COVID-19 is exceptional for some reasons as it broke species boundary and broke out from camel or bat from human body.

            It has been several weeks since the CORONA virus took up many headlines. The virus not only affected the human health but also wrecked the economy. CORONA virus’s impact on economy is immense. Due to this outbreak economists are suggesting 0.3-0.5 % decrease on the GDP in the nest fiscal year. Sensex crashed 894 points because of this sudden outbreak. The growing tension and panic of this virus devastated the economy drastically .As many of the shopping malls are closed, CORONA virus impacted the business from a grass root level. Many of the sports are on fabian policy .This also impacted the business policy.

            The history of COVID-19 roots further back in 2003. A virus named SARSCOV affected around 8000 people in China. Although this virus stayed well within the boundaries of China. But for the first time in 17 years the outbreak took place and it broke out from China to different parts of the globe and to India. Though the impact is still on its early stages. There are about 114 cases of CORONA virus in India and only 3people have died so far. So the mortality rate is yet to hit its peak. Although the scenario is utterly different in other parts of the world. The CORONA virus death rate is at shocking numbers. There are about 175,235 cases global and 6,713 deaths have already taken place from this lethal disease.

            The effects of CORONA virus  is mammoth. It has affected almost each section of the world and this is running riot in the earning sectors .Due to the effects of CORONA virus , people are having difficulties while breathing ,constant sneezing ,coughing. Although WHO reported people aged more than 40 are likely to get affected by this unprecedented disease.

            It has been said that this virus lives well in temperature around 30°-32°C. In India summer is approaching and temperature will rise and hopefully this virus will be eradicated. We can be safe by washing our hands frequently. As no vaccine has come out in the market, prevention of this virus from spreading, is probably the only thing we can do.

Threre is no major Impact on IT Indurtry

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