There are real pandemics that cause more deaths per year than those registered so far by the coronavirus. Malaria in Africa, air pollution in large urban centers, poor quality of water for human consumption, are infinitely more lethalNews of the dangers of the coronavirus has skyrocketed in the past week. The World Health Organization(WHO), raised the level of alert in the world, and that contributed to multiply widespread fears. Stock markets crashed, the international price of oil plummeted, the dollar skyrocketed, tourism collapsed, and the world economy began to shake.
A series of conjurers of politics and the economy, supported by big headlines in the world press, speak of the apocalypse. The virus reached Africa, with cases registered in Uganda, Rwanda, Kenya, Tanzania, South Africa, etc. The Uganda regime inconsistent with widespread fears, declared a kind of moderate alert.
“The series of outbreaks (of contamination) that occur worldwide is a sign that cases are progressing and what we are going to have here is a pandemic,” says Ian Mackay, virus specialist at the University of Queensland, in Australia. Referring to the increase in cases in Iran, Greece, South Korea and Italy, WHO Director-General Tedros Ghebreyesus sayid that the time to stop the spread of the virus “is running out.”
On the verge of a recession
Who dares to do the exercise of comparing the rate the virus spread, like a plot from the movie Independence Day, with Will Smith, in which, after an alien attack, half the planet is destroyed, including the Capital of the United States.
The World Trade Organization, WTO, predicted that the growth of the volume of global trade will continue to weaken in 2020, because to the aforementioned affectations already diagnosed, the effect of the coronavirus is added. In its report The Barometer of Trade in Goods, released on February 17, the WTO said that the volume of world trade stopped at 95.5, lower than the previous reading of 96.6, both figures below the benchmark of 100, which uses measurement.
Analysts such as Germán Gorraiz López, even dare to warn that the hitherto uncontrolled growth of the virus originated in China raises the real possibility of a new stock market crash, which until now has been unnoticed by the rating agencies, due to the disconnection of analysts with the coronavirus epidemic. Gorraiz says that under these conditions the world would approach its third wave of recession.
Trade war in between
The truth is that there are already expressions of panic. The world congress of mobile telephony in Barcelona, emblematic in that industry, was canceled. Also sporting events on a global scale. The Airline Association estimates losses of 30 billion dollars due to low demand for the purchase of airline tickets. In regions of Italy hotel and tourism quotas were reduced by up to 90 percent. Entire populations in China and Italy remain in quarantine.
There is an oversizing of the effects of the Wuhan virus. In the midst of a fierce trade war between the United States and China, there is no hiding the satisfaction that the North American economic means cause the possibility that the Chinese economy and trade will be affected significantly. For some scientists it is striking that, of three types of coronavirus detected in the world, two have appeared in China, and in Cuban media there is speculation that this latest version of the virus may have originated in a North American laboratory.
Last week, the death toll in China, where the pandemic is most widespread, totaled 1,380, while 6,723 managed to recover. The number of infected in the Asian country amounts to 63,851 people. According to epidemiology experts, the percentage of deaths from coronavirus in the planet’s population is 0.0002 percent, much less than the deaths from the common flu, which have an overall incidence of 0.01 percent.
uganda.uk.com
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