Impact of Corona Virus on the State's Social and Economy.

Impact of Corona Virus on the State's Social and Economy.

Born in Wuhan, China last year made the Corona virus a serious concern for the world community, this epidemic is the most feared by humans and has claimed thousands of human lives. The disease is indeed a special concern by countries around the world today, even the Corona virus is able to have an adverse effect on the Social and Economic State.

WHO itself mentions that the co-19 pandemic affects the business world, therefore the whole world is doing various ways to reduce the impact of the corona virus on the State's Social and Economic Affairs. Some countries carry out economic stimulus, social distancing including Work From Home (WFH).

Curious to what extent the covid-19 virus can adversely affect a country's social and economic conditions?

Making Several Countries Plummeted.

The Covid-19 pandemic has plummeted the exchange rates of some countries against the dollar. This is caused by market players' concern over business conditions in several countries affected by the Corona virus, so that the global economy is shaken, which in turn has an impact on the weakening of currencies in several countries.

Business Tourism Loss.

The terrible effects of the Corona virus can be seen through the tourism sector, countries around the world are forced to close the sector to prevent this virus from spreading in their regions. Starting from limited to the elimination of flights from a country. Of course the impact is felt by the airline company. This can also apply to cruises, trains, buses, even private vehicles.

And along with the limitation, there is also a limited number of tourists visiting a city. If so, automatically not only tourist attractions are quiet, but also hotels, restaurants, food vendors to handicrafts will be quiet.

World Stock Prices Decline.

Market participants' sentiment towards covid-19 made the price of shares around the world decline, the prices of composite shares around the world experienced a drastic decline. The Wall Street Index also declined due to the spread of Covid-19. Its main indexes like Dow Jones, S&P and Nasdaq must be corrected between 10-12 percent.

Teaching and Learning Process is on Vacation for a Time.

As a result of the Corona virus, all countries in the world closed schools for a while, the teaching and learning process had to be stopped to prevent transmission of the deadly virus. Maybe the dismissal of schools is good news for students. But precisely because of that students will miss the subject, cannot socialize again with their peers, and if it lasts longer will certainly have an impact on the quality index of Human Resources.

Various World Sports Activities Stalled.

In order to suppress the spread of Covid-19, various countries in the world stopped the activities of various sports, various sports competitions were forced to take a temporary vacation. Imagine what would happen if all sports were eliminated for quite a long time. The clubs will be minimal incomes and the sponsors will definitely withdraw one by one. clubs will lose money and go bankrupt and athletes cannot receive their salaries to make a living.

The price of basic necessities soared.

The presence of Corona virus makes the price of basic needs skyrocket sharply, this is due to high demand that is not accompanied by high supply will make a product have a higher bargaining value. Today's basic needs are not only expensive, they are also difficult to obtain during the Corona virus pandemic.

Hopefully this post is useful for us all and we pray that the Corona virus outbreak quickly disappears from our beloved earth. Maintain your and your family's health.

Thanks.