Major effect of corona virus on different industries.

Updated: Jul 27, 2020

It all looks like a story that we listen when we are child, once upon a time there is a brave king and his huge kingdom. All things are going happily, all peoples in his kingdom are happy in their life. But after few days a enemy comes there and use some of that people as his army and then attacks on the king and his people and get power on them. After that it is difficult for people to travel outside the home, if someone found outside it will killed by the enemy. But always in this type of stories there is always a brave soldier who do something and kill all the enemies, and make the situation in control. Now the life that we are living is same as that situation. The comparison between this two situation is that the king is our world, kingdom is earth and we all are the peoples in that kingdom, further the enemy is corona, and the army is the affected people. Same thing is that due to corona virus it is difficult to us to travel outside, if we travel we get affected. But, we also have the brave soldiers which are doctors, police, government servants, and all the peoples who are working in this situation by taking risk. And our this brave soldiers are working for us to make the situation in control.

This is a weired situation on us and due to this we are facing lots of problems. If we get out of this situation then also we have to face lots of problems and fight with the situation, and it takes lot of time to get financial situation in control. Due to Covid19 situation all industries are in a big loss and lots of buisnesses are collapsed and gets shut down, due to this many people losses their jobs and now they are in trouble that, what will happen with us after lockdown and how shall we fight with that situation?

Below graph shows the losses :-

In the United States, the proportion of people out of work has hit 10.4%, according to the International Monetary Fund (IMF), signalling an end to a decade of expansion for one of the world's largest economies.

Millions of workers have also been put on government-supported job retention schemes as parts of the economy, such as tourism or hospitality, came to a standstill under lockdown.

However, the data differs between countries. France, Germany and Italy provide figures on applications, for example, whereas the UK counts workers currently enrolled in the scheme.

Effect of coronavirus on Share market :-

Big shifts in stock markets, where shares in companies are bought and sold, can affect the value of pensions or individual savings accounts (ISAs).

According to BBC report, below graph shows the impact of corona virus on share market

The Dow and the FTSE saw their biggest quarterly drops in the first three months of the year since 1987.Global markets have since recovered some ground as governments have intervened. But some analysts have warned that they could be volatile until fears of a second wave of the pandemic are eased.

Stock market is the main part of our economy and it has been collapsed totally. So now it is tough time to all of us to fight with this situation.

Rise in pharmaceutical companies :-

Due to large demand of drugs and medicines for the treatment of corona virus, their is a large rise in the incomes of pharmaceutical companies.

Below graph shows the rise :

Vaccine hopes

Governments around the world have pledged billions of dollars for a Covid-19 vaccine and treatment options.

A number of pharmaceutical firms are in a race to develop and test potential drugs that could help nations get back to "normal".

AstraZeneca's share price, for example, has hit record highs. The Drug company says it will be able to produce two billion doses of a vaccine.

"Until such medical interventions become available, no country is safe," the IMF said of the pandemic that has disrupted the global economy.

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