The spread of Novel Coronavirus has a negative impact in the economy of the Philippines. For starters, nCoV Coronaviruses make up a large family of viruses that can infect birds and mammals, including humans, according to the World Health Organization (WHO).
This virus is looks like a crown when seen in the microscope, or in Latin called “corona” . Seven known coronaviruses can infect humans, including the novel coronavirus identified in 2019. Coronaviruses can be transmitted between humans through respiratory droplets that infected people expel when they breathe, cough or sneeze.
The emerging of the said virus started in the mainland of China, our biggest trading partner. Because of the outbreak, the economy of the Philippines is affected. Many factories are closing and the transaction is delayed. Chinese goods are cheap and affordable, though it’s not a great quality yet it is popular for the Filipino consumers who are saving money. In this situation, many Filipino consumers might be having a harder time buying some Chinese goods.
Moreover, some of our supplies and raw materials in making a product are come from China. But due to the outbreak of the nCoV some of the transaction halted and delayed. Additionally, some Chinese tourist is quarantined because of the cautiousness of the government in order for the virus to be contained. They are restricted and were not able to freely roam around the country, including some Chinese workers that came from China.
Some flights concerning the country of China, Macau and Hong Kong are delayed. Tourism industry is a major contributor to the Philippine economy yet because of the outbreak our country closed its borders with China and other countries due to the coronavirus infection. Many Filipinos were not able to come home and many Chinese was not able to go back.
As a conclusion, the emerging of the virus creates a dent to our economy and to our future transactions with the Chinese people including to other countries that we are contact with. This became a worldwide issue and causes a great fear to the thousands of people around the globe.
A/N Informative Newss i gather about our current situation. Stay safe everyone😊