Coronavirus affecting businesses as spread increases

Coronavirus also called Covid-19, first identified in China in late 2019, has affected so many businesses even as the spread increase worldwide.

As at the time of writing, every continent except the Antarctica has been affected by this pandemic with confirmed Global total cases recording more than one million seven hundred cases and over a hundred thousand deaths.

Over 200 countries worldwide had instituted either a full or partial lockdown, and many others had recommended restricted movements, affecting billions of people and their businesses.

Since the outbreak of this virus, price of Oil has been on a free-fall due to low demand and the feud between Saudi Arabia and Russia.

Global financial stocks have also plummeted significantly from its peak. Some economists have forecast ed that there would be recessions across many countries in the near future. I also concur with them.

The WHO advice for public is as follows:

• Wash your hands frequently
• Maintain social distancing
• Avoid touching eyes, nose and mouth 
• Practice respiratory hygiene

If these  guidelines of the WHO is strictly adhered to, the spread would stop and the pandemic would be contained. The price of not taking these measures is huge. l enjoin everyone to stay safe.