The COVID-19 coronavirus pandemic is generating a great social and economic impact, never seen before in the history of the world; as the different economies of all countries in the world are being paralyzed (and this paralysis is increasing), jobs and livelihoods are being lost on a scale never seen before, with negative consequences for many human beings around the world.
All countries are affected by this public health crisis (some with greater impact, such as Italy, the United States, China, Ecuador, among others). The situation is increasingly desperate for people displaced for various reasons, particularly in low- and middle-income countries.
The situation of migrants in the world.
The profound and relentless economic impact of the crisis on refugees (migrants) is evident and overwhelming. Many migrants are at risk of being left on the streets, as they are running out of the means to support themselves and to pay rent and utilities, so there has been an increase in evictions or threats of eviction.
Most migrants work in the informal sector to survive, without social security and confinement or "quarantine" measures have left them with a sudden loss of income to cover their expenses. Now unable to pay rent or buy food or medicine, many people are at risk of becoming homeless or are already being evicted from their homes.
The coronavirus crisis has exacerbated humanitarian needs, which were already critical globally.
The coronavirus COVID-19 pandemic has created a crisis for oil-producing countries, as the price of oil dropped significantly.
A new fall in the stock markets.
The stock markets are falling again, representing losses on Wall Street, due to fears that increased tensions over the coronavirus will lead to a new trade war between the United States and China; and the United States will apply new tariffs on Chinese products in retaliation for China, which it accuses of mismanagement of the coronavirus. Major indices on the New York Stock Exchange lost ground as investors withdrew from growth stocks.
The dilemma of the different governments.
The different governments are in a dilemma or at a crossroads in the face of these unstoppable consequences that are approaching and several governments are already planning to relax their restrictions adopted to contain the coronavirus and be able to rehabilitate their economies in the face of the impossibility of finding the vaccine that will definitively contain this pandemic.
What do you think governments should do: relax their restrictions adopted to contain the coronavirus and try to oxygenate their economies or tighten those restrictions and preserve the life and health of their citizens?
Hi @yarishg
Certainly the consequences of Covid-19 on health and the world economy are supremely worrying, with figures that even specialists are afraid to state.
As for your question, far beyond relaxing or opening quarantines, I particularly think that each sector of the economy should be evaluated according to the epidemiological risks that each one has, with their respective safety protocols, with an environment such as public transport and the risks that this represents,
Greetings @janettyanez