Is Outbreak Of Coronavirus A Global Health Emergency?
The US warned against travel to China on Friday after stating the outbreak of coronavirus as a Global Health emergency by the World Health Organization.
The World Health Organization (WHO) reported the outbreak of coronavirus a global public health emergency Thursday. The fast-spreading virus causes a potentially fatal respiratory infection.
Heretofore, coronavirus has infected more than 8,000 people and caused the death of at least 171. It has spread to 18 other countries from China, where the coronavirus originated in the city of Wuhan, including India, the United States, France, and Germany.
“Over the past few weeks, we have witnessed the emergence of a previously unknown pathogen, which has escalated into an unprecedented outbreak and which has been met by an unprecedented response,” WHO Director-General Tedros Adhanom Ghebreyesus informed in Geneva.
“The main reason for this declaration is not what is happening in China but what is happening in other countries,” added euros Adhanom Ghebreyesus.
The concern is the outbreak of coronavirus in countries with weaker health systems. Meanwhile, the US has advised its citizens not to travel to China.
A global health emergency
The state department issued a level four alert – having previously urged Americans to “reconsider” travel to China – and said any citizens in China “should consider departing using commercial means”.
China has declared it will send charter plans to bring back Hubei province residents who are overseas “as soon as possible”.
The report of a global health emergency can work to galvanize international funding. According to the WHO’s procedures, the three criteria for such a declaration are that it is an “extraordinary event,” that it “constitute[s] a public health risk to other States through the international spread of disease” and that it “potentially require[s] a coordinated international response.”
The World Health Organization officially declared a global health emergency Thursday. The coronavirus has spread to at least 18 countries.
Influence of Coronavirus on the stock market
The stock market rallied Tuesday and Wednesday on the WHO’s reluctance to declare a crisis.
But stocks tumbled Thursday after the CDC confirmed the first U.S. transmission of the virus. The latest escalation could be devastating.
Coronavirus death toll
WHO announced the coronavirus outbreak a global public health emergency Thursday. The fast-spreading virus causes a potentially deadly respiratory infection. So far, coronavirus has infected over 8,000 people and killed at least 171. It has spread to 18 other countries from China, where the coronavirus originated in the city of Wuhan, including India, the United States, France, and Germany.
WHO has waited to declare a public emergency. But as the organization convened a panel Thursday to reevaluate the pandemic’s status, the CDC confirmed a new development. The first person-to-person transmission of coronavirus within the United States likely impacted the WHO’s decision.
An end in sight to the U.S.-China trade war vastly raised the outlook for stocks going into 2020. It looked like nothing could stop the stock market bulls from pushing the Dow to 30,000 in no time.
Not even an unsettling brush with a shot war in the Middle East. But the stunningly fast spread of the coronavirus, and its serious deadliness, put the bull market on hold.
The stock market went from euphoric to cautious in the second half of January as coronavirus spread. It rallied this week as the WHO hesitated to upgrade it from a regional to a global crisis.
Now news reports show the virus spreading quickly all over the world. And health authorities are preparing for the worst. The market seems to be reflecting these fears as the major indexes struggled for direction.
The last time the WHO declared an international health emergency was in July 2019 over the Ebola outbreak in the Democratic Republic of Congo. Before that, international emergencies were declared in 2016 for the Zika virus and in 2014 for the Ebola outbreak in West Africa.
Additionally, on Thursday, the U.S. State Department issued a “do not travel” advisory for China.
“Do not travel to China due to novel coronavirus first identified in Wuhan, China,” the advisory reads. “Those currently in China should consider departing using commercial means. The Department of State has requested that all non-essential U.S. government personnel defer travel to China in light of the novel coronavirus.”
“A very good ending” for the US
President Donald Trump told the U.S. government was working closely with China to contain the outbreak of coronavirus that has killed at least 171 people, predicting “a very good ending” for the United States.
“We are working very closely with China and other countries, and we think it’s going to have a very good ending for us, that I can assure you,” Trump said Thursday while visiting a manufacturing plant for auto supplier Dana in Warren, Michigan, a suburb of Detroit.
Trump said U.S. officials believe “we have it all under control,” adding that it’s a “very small problem in this country.”
However, Trump’s comments come hours after the Centers for Disease Control and Prevention confirmed the first human transmission of the virus in the U.S. The World Health Organization declared the fast-spreading outbreak a global health emergency earlier Thursday.
Trump’s support on containing the coronavirus came toward the end of a roughly 30-minute speech in the battleground state, much of which he used to celebrate the signing on Wednesday of a new North American Trade Agreement.