How serious is the 2019–20 Coronavirus?

Its a lot more serious. Below are the points for your answer:

  • The COVID-19 crisis has affected the world within a span of just two months now.
  • Its a highly contagious disease which can stay on surfaces for around 2–3 days.
  • The disease causes severe respiratory infection and can damage the lungs of people who are aged above 60 since their immunity is weak and have many other medical conditions such as asthma, diabetes, or heart disease.
  • There is no specific medicine to prevent or treat coronavirus disease as of now, thus patients may need ventilators to help them breathe.
  • Vaccines are still a long time away since they require extensive testing.
  • Over 9,60,000 cases worldwide as of today and still the rise is exponential where developed nations have crumbled and poorer nations are under extreme pressure due to weak health-care systems.
  • Its mortality rate as of now is around 1–4% depending upon the country and the spread of the virus there, but the damage done is worst than any other recent pandemics.
  • Recession has already begun which is going to result into severe economic problems throughout the world.
  • The Aviation industry is going to face severe turmoil with losses which are going to mount from anywhere between $60 billion to a $100 billion which is huge and never ever in the history has the industry faced this kind of a scenario.
  • The financial crisis this time is going to be worse than the 2008 Global Financial Crisis.
  • Small businesses self-employed, daily workers are going to be the worst hit and the situation in developing countries has already become hell for the poor.
  • Uncertainty is still looming as there is no clear cut formula to completely contain the virus’s spread.

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