How will coronavirus change the world? Part-1

No economy, industry or business spared from the consequences of the novel corona virus.

Some industries affected more than others, and the impacts are on a large scale.

But how seriously are we affected? Experts are drawing up doomsday scenarios, even predict that the 2008 Financial Crisis would seem a like a glitch in the larger scheme of things in the post-Covid-19 world.

Let’s look at some industries COVID-19 will change.

Aviation

• The reason Covid-19 spread so fast to the remote end of the earth is aviation.

• The spread of the novel corona virus has caused passenger demand to collapse, forcing airlines to park, instead of fly, their planes.

• Slumps in travel demand is not new.

• After the terrorist attacks of 11 September 2001, passenger enthusiasm towards flying also waned amid security fears.

• The 9/11 attacks also forced airlines to trim costs through furloughs, layoffs, and merger.

• Covid-19 will have the similar impact on the industry and how passengers fare in the aftermath will depend on public policies governments around the world chose after COVID-19.

Movies & Arts

• In early March 2020, It’s predicted that the global box office could lose US$5 billion because of the pandemic.

• Across the world to varying degrees, cinemas and movie theatres closed, festivals cancelled or postponed, and film releases moved to future dates or delayed.

• Because of cinemas and movie theatres closing, the global box office has dropped by billions of dollars, and streaming has become more popular.

• Many blockbusters scheduled to release between March and November postponed or cancelled around the world, with film productions also being put on halt.

Health Sector

• While healthcare workers are busy handling COVID-19 patients, healthcare offices affected by the decline in no. of other patients.

• Some medical care practices reported reductions within the use of healthcare services of up to 70% Physicians in small private practices around the country reported steep declines in revenues

• Reduction is so significant that some of them and their supporters turned to GoFundMe to raise funds to help pay their overhead.

• Telemedicine has helped pick up only a small portion of the slack.

• Although people packed beaches and boardwalks after restrictions lifted and Black Lives Matter demonstrators flooded city streets and parks, many patients still seem reluctant to visit physician offices.

• Pediatric Patients Go Missing

  The AAP in May launched a social media campaign, “#CallYourPediatrician,” to remind parents that they should still make appointments for well-child checks and immunizations during the pandemic

Education & students

• Most Countries temporarily closed schools and colleges to contain the spread of the COVID-19 pandemic.

• These nationwide closures are impacting many students.

• Closing of educational institutions affects not only students, teachers, and families but has far-reaching economic and societal consequences.

• In response to high school closures, UNESCO recommended the utilisation of distance learning programmes. 

• UNESCO has compiled an inventory of the varied educational platforms getting used round the world.

Thanks for reading guys...

A young writer...

In Part-2 we will discuss Positive Impact on some industries.

What do you think is the negative impact of covid on your sectors?