IMPACT OF LOCK DOWN ON ECONOMY

 COVID-19 LUCKDOWN CHALLENGE: IMPACT OF LOCK DOWN ON ECONOMY

Abstract

The present world is hit by devastating pandemic disease (Covid-19). The whole world is locked down in their homes because there is no other solution to combat pandemic disease. Whether rich or poor educated or uneducated, upper class or lower class, developed or under developed', who ever or where ever they are every person is terrifying with the bad enemy i.e. covid-19.

We have never seen/felt in our lives such type of terrifying virus. Though scientists and medical personalities are trying their best to find vaccines and medicines to treat the pandemic Covid-19. People are suffering from it day by day rapidly. The death toll is going up too fast.

Introduction

Until recently, most people will never have heard of corona viruses. But they, and the diseases they cause in humans and animals, have been recognized for 50 years.  The Covid-19 was started in Wuhan province of China on December 10. Since then, it has been spreading all over the world rapidly two times in day and four times in a night. A lock down is an emergency protocol that usually prevents people or information from leaving an area. The protocol can usually only be initiated by someone in a position of authority. A full lock down means that people must stay where they are and may not enter or exit a building or rooms. The present lock down is to stop the spreading pandemic disease covid-19. At this time nearly 75% of the world's people are in this locked down condition. According to the WHO Novel Corona Virus record till 15^th April  20,08,251 corona virus cases is recorded and total death is 1,27,168. Unfortunately this data is going up rapidly. 

IMPACT OF LOCKDOWN ON ECONOMY

The warning comes almost three weeks after the international labour organization (ILO) predicted that 25 million jobs were threatened by Covid-19. According to the agency the full or partial luckdown measures has affected almost 2.7 billion workers i.e. four in five of the world's workforce.

According to the ILO chief, workers in the four sectors that have experienced the most "drastic" effects of the disease.

      a.               food and accommodation

      b.               retail and wholesale business

      c.               services and administration and

      d.               manufacturing

In this day we have to know that nearly 80% of the workers have to lose their jobs. On one side there is terror, fear of dying  showing a bad signal, on the other side people have become jobless and they have nothing to hand to mouth. My God! No one has dreamt such a terrifying situation ever now.  

   

                                                                                                                                                         

In this context no one is free or unaffected from this pandemic disease because it's about to our health condition. Health is said to be the most important thing for every person. No one likes to die. Death is the most hated thing for every living beings. 

Agriculture is the largest sector in most of the developing countries; risk of food security. However people say that agriculture is unaffected by this disease, it is not right because most of the people are suffering in the villages and there is lockdown they can't work freely in their farm and hire labourers in the harvesting and planting crops.

The lockdown has greatly affected the economic status of a person and a nation even the whole world too. People have lost their work, jobs etc. Even self employed persons are badly affected. Shopkeepers, retailers, to large factories are closed up and the whole human being is badly affected by this crisis.

People are lingering without food and higher class people who has taken loans to run their industries, can't pay their interest and they have been suffering from mental tension. What a bad situation, some of the people who are from lower class are dying of starvation and the people of higher class too are dying of tension. 

The longer the shutdowns go on the more damage is done, No one knows exactly how long they will go on far. The lockdown is depended on how swiftly the pandemic disease is spreading. Financial crisis may hamper other sectors too.

It is hurting the economy. A harsh lockdown is certain to slow down the disease. The famous slogan of this time is "stay at home, be safe".

It is said that there is silver lining on the side of dark cloud. Yes, we hope that one bright day will arrive and all the human beings and powerful nations of the world will have learnt that no person is superior than other and no country is superior and powerful than others. All are equal. This pandemic corona (covid-19) has taught us a good lesson and every person will start their profession happily, energetically with smiling faces and helping hand to weaker ones.

We hope one day this enemy will be in control and our scientists, a son/daughter of human being will be success on medicines/vaccines to cure the pandemic covid-19.

Imagine … how happy we will be on that day! 

We'll hug with humanity each other happily and run our business and luck down will fly away.

Conclusion

In this day we have to know that nearly 80% of the workers have to lose their jobs. On one side there is terror, fear of dying showing a bad signal, on the other side people have become jobless and they have nothing to hand to mouth. The famous slogan of this time is "stay at home, be safe".

AUTHOR

Manish Raj Bhat

4919716

B.Tech CE 2nd sem