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Thread: The Pandemic Situation (COVID-19) & The Economic Impact (Global)

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    Default The Pandemic Situation (COVID-19) & The Economic Impact (Global)

    The Pandemic Situation (COVID-19) & The Economic Impact (Global):



    Name: covid19.PNG Views: 66 Size: 263.6 KB

    Hello, world!

    Greetings to traders. The Covid-19 pandemic situation has made a huge impact on the world economy. Through this thread, I will update the current situation of COVID-19, Vaccination and its impact on the Global Economy.

    Thanks & Regards


    bappy4x


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    Felix4x (03-03-2021), Tacaz (03-03-2021)

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    Quote Originally Posted by bappy4x     
    The Pandemic Situation (COVID-19) & The Economic Impact (Global):




    Hello, world!

    Greetings to traders. The Covid-19 pandemic situation has made a huge impact on the world economy. Through this thread, I will update the current situation of COVID-19, Vaccination and its impact on the Global Economy.

    Thanks & Regards


    bappy4x
    Greetings and good night my valuable forum fellow.Our appreciated forum mate, bappy4x has create a new thread related Covid_19 pandemic.First of all, I would like to thank you for opening this thread on this topic.So I'm going to talk about my country's Covid_19 situations.The number of Covid_19 patients in our country is 5%.In our country, 36 people died in 24 hours.In 24 hours there are 1352 new cases in front.The test pass rate was 3.6 percent.There is a significant reduction in deaths from corona in Pakistan.


    The impact of Covid_19And vaccines:
    There are 3 lakh doses in Pakistan to eradicate Corona. In Pakistan, Corona vaccinations will be applied twice on a patients which has been approved by our expert doctors.Which will cover of 2.50 thousands of people.These five dossiers were negotiated by China to Pakistan.We hope that exports will have an effect. Other businesses will be affected. One of the goals of this economic system will be to see daily which areas are being affected and how we can help them.First of all, our Prime Minister mentioned the price of oil, which is actually in favor of all scenarios, that is the price of oil. That's about four billion dollars less.And the biggest thing is that the scope has arrived. And a 35% reduction in price.Inflation is preparing to burden the people.Three days ago, petrol was likely to go up by 7 PKR and diesel by 6.5 PKR.Ogra petrol proposes to increase petrol price by 20.7 PKR.Recommended to increase the price of diesel by Rs. 19.61 per liter.The final decision will be taken by the Minister in consultation with the Finance Minister.


    Global
    C PEC road has made a surprise to those who are jealous with Pakistan development especially India.So now we will talk about India which is never happy with the development of Pakistan.In particular, he is very unscientific about the C PEC, he talks like this and acts like this and tells how much he has done with this intention.The Pak army has once again made it clear that it has defeated the enemy.India is being unveiled and there will be more.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Amalia (06-03-2021), B4u (04-03-2021), bappy4x (03-03-2021), Farnadus007 (04-03-2021), Felix4x (10-03-2021), Muzamilarshadfx (01-04-2021), Salman120 (04-03-2021), Unregistered (1)

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    Dated: 07 March2021

    COVID-19 Coronavirus Pandemic & the Global Economic Impact:

    Total Coronavirus Cases(Global):

    117,089,600



    Total Deaths(Global):

    2,600,165



    Total Recovered(Global):



    92,663,700





    Active Cases(Global)



    21,825,800
    Currently, Infected Patients





    21,736,501 (99.6%) in Mild Condition
    89,369 (0.4%) Serious or Critical




    Closed Cases
    95,263,780
    Cases that had an outcome:




    92,663,625 (97%)- Discharged
    2,600,167 (3%) -Total Deaths




    The current situation of the COVID-19 pandemic situation looks better than at the beginning of this year2021. At the beginning of this year, the new strain of COVID-19 was infecting massively and the new strain is too dangerous than the other strain that the new strain is spreading much.


    Name: dailynewcase.PNG Views: 211 Size: 40.5 KB

    The chart of new cases and new death looks a little stabler than the last couple of months and hope so that the massive vaccination will decrease the momentum of new cases and death. Still, the USA is in the first position but the alarming issue that India on the 2nd position which should be the alarming issue of the Asian region.


    Name: dailydeath.PNG Views: 51 Size: 33.0 KB

    Globally, the massive vaccination is decreasing the new cases. The government of each and every country is taking some good steps to clear this pandemic situation through the massive vaccination program. But this is a big issue for poor countries that we have seen lots of discrimination to get the vaccine. The Richest countries already booked all vaccines for their people. Hope so that from time to time, everyone will get the vaccine soon and predictors are expecting more than 1 year to clear this pandemic situation but any other new strain can destroy the current vaccine program. So, still, the world is not risk-free.

    UK & USA have started their massive vaccination program and they have divided the program into some categories. To boost up the world economy, some countries on the way to ease the current lockdown and hope so that by this month, the world will be free from the lock-down. EU countries have taken some steps to ease the lockdown. The lockdown has impacted the global labor market and easing the lockdown will create more employment for people and it will boost up the desired country as well as the world economy too.

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    Economic Consequences of the COVID-19 Outbreak:
    Covid-19 is not just a global epidemic and a public health crisis. It has also hit the global economy and financial markets hard. Significant income declines, rising unemployment, and disruptions in the transportation, services, and manufacturing industries are some of the consequences of disease eradication measures that have been implemented in many countries. It has become clear that the governments of the majority of the world have downplayed the dangers of the rapid spread of COVID-19 and have responded largely to this crisis. Since the spread of disease is unlikely to be eradicated in the near future, proactive international measures are needed not only to save lives but also to safeguard economic prosperity.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    The current situation of COVID-19 and the prevention:

    The current situation of COVID-19 looks not good meanwhile recent cases are increasing day by day which is alarming the overpopulated countries. Actually, I am not understanding one thing that the specialists say that during the winter, the COVID-19 virus can spread rapidly. But the winter has finished whereas the summer has started already in the Asian region. As the statement from a specialist that during summer, the COVID-19 virus cant spread rapidly. Now we are looking at the different things that after the winter, we are looking at the massive infection entire the world. The national lock-down has started already in my country although some EU countries havent eased the lock-down since the first wave of the COVID-19 pandemic situation. Almost every country has taken some initial steps to stop the rapid spread of COVID-19. Now we can understand that the vaccine of the COVID-19 looks less effective. If we look at the previous history of any pandemic situation, the 2nd wave is the most dangerous situation and the entire world should more careful about it to protect ourselves.

    There are some ways to make slower the spread of COVID-19. Try to follow the task to avoid the massive spread.

    • Keep a minimum of 6 feet distance from others which called social distancing.
    • Do verbal greetings instead of handshakes.
    • Wear a mask that should cover your full nose and mouth to protect yourself and others.
    • Avoid crowds and less ventilated spaces.
    • Wash your hands with soap and water as much as possible.
    • Use hand sanitizer after coming back from the outdoor. If possible, take a bath.
    • Get a COVID-19 vaccine when it has available for you.


    The impact on the Forex Market:

    Name: thecovid19 and forex.PNG Views: 15 Size: 594.3 KB

    Still, the world has not adjusted to the reality of COVID-19 that for a few days, the infection of the COVID-19 has increased. The current situation is alarming the public health although implementing the vaccine is going on meanwhile still we havent got the 100% effective vaccine yet. The COVID-19 has affected the world economy as we realized it before. Many governments have introduced the national lockdown, which has made an enormous impact on the desired country economy. As we know that, the Forex market is one of the vast financial markets in the entire world, and because of the economic crisis, traders are away from the market after thinking about the coming days situation. Although different countries are easing their lock-down to boost up their economy. During the first wave of the COVID-19, gold and silver have made the all-time higher price and crude oil has made the negative price. During the pandemic situation, the volatility has increased in the financial market, but the liquidity has decreased because of the economic crisis.

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