The capacity of the healthcare system is of great importance in any country’s response to the pandemic. If there are more critically ill people than there are intensive care facilities, people will die who otherwise might not have.
The two maps here show the number of medical doctors and hospital beds relative to the size of each country’s population.
Mitigation strategy scenarios for GB showing critical care (ICU) bed requirements. The black line shows the unmitigated epidemic. The green line shows a mitigation strategy incorporating closure of schools and universities; orange line shows case isolation; yellow line shows case isolation and household quarantine; and the blue line shows case isolation; home quarantine and social distancing of those aged over 70. The blue shading shows the 3-month period in which these interventions are assumed to remain in place.
While the majority of people infected with COVID-19 only experience minor symptoms, the disease can cause severe issues in some cases – even resulting in death. Most of the forms of treatment being pursued fall into one of two categories:
1. Treating respiratory symptoms – especially the inflammation that occurs in severe cases
2. Antiviral growth – essentially stopping viruses from multiplying inside the human body
Here are the companies and institutions developing new treatment options for COVID-19:
The progress that is perhaps being watched the closest by the general public is the development of a COVID-19 vaccine.
Creating a safe vaccine for a new illness is no easy feat. Thankfully, rapid progress is being made for a variety of reasons, including China’s efforts to sequence the genetic material of Sars-CoV-2 and to share that information with research groups around the world.
Another factor contributing to the unprecedented speed of development is the fact that coronaviruses were already on the radar of health science researchers. Both SARS and MERS were caused by coronaviruses, and even though vaccines were shelved once those outbreaks were contained, learnings can still be applied to defeating COVID-19.
In the U.S. about 90% of all Americans have been ordered to stay at home in an effort to slow the spread of the virus.
Coronavirus Resulted in Massive Flights Cancellation
Here is how airlines traffic in Europe looks like:
Below is how air traffic looked like on March 20th, 2020.
The same case was in China. Within just three weeks — from Jan. 23 to Feb. 13 — the number of daily departures and arrivals for domestic and international flights dropped to just 2,004, from 15,072, according to Flightradar24, an industry data firm. Over 13,000 flights a day, lost to a crisis.
Here is how the situation changed in the U.S. taking into account recent developments.
Sources: CNN, US Department of Labor
China is the world’s largest exporter of intermediate manufactured products — components destined for use in supply chains across the world. About 20% of global imports of those products came from China in 2015, according to Bloomberg Economics’ calculations based on OECD trade data.
This is why when pandemic started in China at the beginning of the year global supply chains were in trouble.
As of April China rapidly trying to speed up business activity after the worst of COVID-19 crisis presumably is in the past. With rapid cases, growth in the U.S. and Europe global supply chains are still at huge risk.
Coronavirus Crash vs Previous Market Crashes
Even «Safer» Investments Hit
Stock Market Impact
The Dow and the FTSE have seen their biggest one day declines since 1987. Investors fear the spread of the coronavirus will destroy economic growth and that government action may not be enough to stop the decline. In response, central banks in many countries have cut interest rates. That should, in theory, make borrowing cheaper and encourage spending to boost the economy. The US Federal Reserve and the Bank of England are among those to slash interest rates.
When a crisis hits, investors often choose less risky investments. Gold is traditionally considered a “safe haven” for investment in times of uncertainty. Until March the price of gold increased. But now, with investors increasingly fearful about a global recession, even the price of gold has tumbled.
Oil has slumped to its lowest price since June 2001. Investors fear that the global spread of the virus will further hit the global economy and demand for oil. The oil price had already been affected by a row between Opec, the group of oil producers, and Russia. Coronavirus has driven the price down further.
Travel among hardest hit
Customers buying less
The EU is banning travellers from outside the block for 30 days in an unprecedented move to seal its borders because of the coronavirus crisis. The analytics firm ForwardKeys has estimated that up to 48,200 flights with 10.2 million seats could be affected by the ban, with the biggest impact falling on Air France. In the US, the Trump administration has banned travellers from European airports from entering the US. UK travel industry experts have expressed concerns about Chinese tourists being kept at home. There were 415,000 visits from China to the UK in the 12 months to September 2019, according to VisitBritain. Chinese travellers also spend three times more on an average visit to the UK at £1,680 each. Fear of the virus and government advice to stay at home is also having a devastating impact on hotels and restaurants.
Year-over-year daily change in seated restaurant diners
The coronavirus (COVID-19) pandemic is causing increasing damage to the global restaurant industry. Due to measures of social distancing and general caution in public places, consumers have been dining out less and less. According to the source, the year-over-year decline of seated diners in restaurants worldwide was a staggering 100 percent on April 7, 2020.
Factories in China Slowed Down
Restrictions have affected the supply chains of big companies such as industrial equipment manufacturer JCB and carmaker Nissan.
Chinese car sales, for example, dropped by 92% during the first half of February. More carmakers, like Tesla or Geely, are now selling cars online as customers stay away from showrooms.
Coronavirus Has Slashed Global Air Pollution
Cities With the Biggest Drops in Activity
Overall, Vienna and Lisbon are the cities with the biggest average drop in commuter activity over the past few weeks. This decline in mobility is correlated with a spike in the proportion of coronavirus cases in the population.
Coronavirus Has Slashed Global Air Pollution
Amid the COVID-19 crisis, cities are dramatically slowing down. Today’s chart demonstrates the impact of lockdowns on commuter activity worldwide.
COVID-19 could impact private market
Global funding ($B)
Number of deals
The coronavirus outbreak has led to massive disruptions in travel, healthcare, and supply chains that have wreaked havoc on global financial markets. Startup financing is also taking a hit. Private market funding in Q1’20 is on pace to reach $77B, down more than 16% compared to Q4’19 and down nearly 12% versus Q1’19. Below, we take a look at the potential impact of the coronavirus outbreak on private market funding to companies globally. The projected decline in Q1’20 will be the second steepest quarterly decline in the past ten years, second only to a 36% decline in Q3’12.2 Deal volume has fallen globally, but most severely in Asia. While global deal volume is expected to decline 20%, Asia-based deals are expected to fall 40%.
The Five G20 Countries with the Largest Coronavirus Stimulus Programs
1. United States: $2.3 trillion (11% of GDP)
2. Germany: $189.3 billion (4.9% of GDP)
3. China: $169.7 billion (1.2% of GDP)
4. Canada: $145.4 billion (8.4% of GDP)
5. Australia: $133.5 billion (9.7% of GDP)
In the United States, a relief package was delivered that President Trump claimed as “twice as large” as any prior program. The $2 trillion package includes a one-time cash payment of $1,200 to qualifying Americans. While proponents of a universal basic income program claim the program shows the idea is becoming mainstream, there are significant logistical challenges: those without IRS direct deposit may not receive their check for months.
Where the money goes in the US Senate’s $2T coronavirus stimulus bill
Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness. At this time, there are no specific vaccines or treatments for COVID-19. However, there are many ongoing clinical trials evaluating potential treatments. WHO will continue to provide updated information as soon as clinical findings become available.
The COVID-19 virus affects different people in different ways. COVID-19 is a respiratory disease and most infected people will develop mild to moderate symptoms and recover without requiring special treatment. People who have underlying medical conditions and those over 60 years old have a higher risk of developing severe disease and death. Common symptoms include: fever, tiredness, dry cough. Other symptoms include: shortness of breath, aches and pains, sore throat, and very few people will report diarrhea, nausea or a runny nose. People with mild symptoms who are otherwise healthy should self-isolate and contact their medical provider or a COVID-19 information line for advice on testing and referral.
Wash your hands regularly with soap and water, or clean them with alcohol-based hand rub. Maintain at least 1 metre distance between you and people coughing or sneezing. Avoid touching you face. Cover your mouth and nose when coughing or sneezing. Stay home if you feel unwell. Refrain from smoking and other activities that weaken the lungs. Practice physical distancing by avoiding unnecessary travel and staying away from large groups of people.
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