Coronavirus Pandemic: Three Devastating Effects on Our Lifestyle
The Coronavirus, also known as Covid 19 is an ongoing pandemic of virus disease. Although it is still unknown exactly how and where the outbreak first started, it is assumed that Covid 19 firstly was attributed to people who visited a market located in Wuhan, China. As per the report of WHO the virus that caused the outbreaks is named SARS-CoV-2.
Symptoms of Covid 19 are highly variable and life-threatening in many cases. It usually translates into things like sneezing, severe fever, difficulty breathing, loss of appetite, etc. The virus mainly spread from the air. So, the basic precaution was social distancing, wearing masks, covering one's mouth and nose while sneezing or coughing, Handwashing and self-isolation.
Three Devastating Effects on Our Lifestyle
The effects of the Coronavirus pandemic is devastating and traumatic. The three most Devastating Effects are given below:
Economic Disruption
The Coronavirus Pandemic has had a far-reaching impact on the world economy beyond the spread of the disease itself. The pandemic caused the largest global recession in history, possible instability generated by the outbreak causes food shortage, supply shortage, price hiking, panic buying etc.
Impact on the Stock Market
The global stock market saw a significant decline due to the rise of this disease. By 28th February 2020, Stock Markets worldwide saw their largest single-week declines since the 2008 financial crisis. In March 2020 the global stock market fully crashed with falls of several per cent.
Great depression
The coronavirus pandemic did not only affected people physically but also had a great impact on mental health. Staying in quarantine for a long period of time, the death of loved ones, Job loss, financial crisis causes great depression among people. Due to the mental instability so many people even attempted suicide.
