Sunday, April 19, 2020

CORONA VIRUS REMAINS THE BAD OMEN FOR THE YEAR'S SECOND BUSINESS QUARTER, DESPITE GLOBAL MEASURES TO CONTAIN ITS SPREADING RATE.



        Corona virus remains the bad omen of this year's second business quarter, despite global measures to contain and possibly eradicate the spread rate effect of this unprecedented and less known disease that has continued to claim many lives in various parts of this World of which the United States of America and Germany have both top the list of countries that have reported high infection rates of corona virus in tens and hundreds of thousands within the shortest time period of the first and second business quarters of this year the year two thousand and twenty (2020). Markets at home and in many countries, particularly the financial and retail markets that have sustained considerable loses, due to the pandemic spread with measures to contain its spread have required relaxation of the measures for immediate rebound of both the financial and retail markets, specially in the United States of America the European Union  the Asian countries and many countries of the World. Few of the mentioned measures entailed the social distance measures of which many people have been required to keep one to one and half meters from one another in the attempt to contain the spread rate of the virus, as  a result legislative measures of enforcement have strengthened the regulations which disbanded social gathering and business activities in which intimacy and close distance approach have been generally described as indispensable. In the United States of America alone and few other European Countries as Germany France Spain and Britain billions of dollars loses has been projected as the estimated financial losses sustained by businesses as a results of the measures against the spread of the virus as varied complains for relaxation of the measures against the spread of the virus has been filed, or requested by businesses and government Representatives of the mentioned countries. Besides, distribution problems of the allocated huge budget for the fight against the virus, specially  for the vulnerable at work places and shelters of the mentioned countries has remained the major challenge against the emerging corruption in the mentioned countries for the managers accountants and finance experts, or money professionals. Dispute over border crossing measures attributed to the measures against the spread of the virus has remained an issue of major concern, particularly in countries in which the closer of the major ports and entry points to various countries has extensively affected the various types of transportation that entailed air travel rail and on road means of transportation that included the travel by means of buses other vehicles bicycles and the on foot travel for the short and long distance travelers at home and in various countries of the World.
Nevertheless, joined global approach has been required and extended in few countries by the legislative order of the Parliament, or the Highest Court for the fight against the spread of corona virus in many countries of the World.


                                  Written by Professor Godfrey Ohia.
Bank : Green Dot
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Name : professor Godfrey Ohia
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