In numbers ... this is the result of the global economy’s losses due to Corona

A recent study monitored huge losses incurred by the global economy due to the outbreak of the Coruna virus and measures taken by governments to limit its spread.

The study, prepared by researchers from the Australian University of Sydney, said that the spread of the epidemic and measures to limit its spread cost the global economy $ 3.8 trillion and caused 147 million people to lose their jobs, according to the British newspaper "Daily Mail".

The study indicated that the travel industry is the most affected, due to canceling flights and countries closing their borders to visitors, especially in Asia, Europe and the United States.She added that "the loss of global contact has sparked an economic infection, which has led to great turbulence in the sectors of trade, tourism, energy and finance."

The study expected increasing global losses rates with the continuation of the closing procedures, but at the same time warned against rushing to reopen economies, saying that a very early opening might lead to more severe and long-term economic impacts.

The study also predicted that the major shocks to the labor market would increase with the continuation of the epidemic, adding: “Subsequent economic shocks are likely to affect the quantity and quality of jobs, and will affect vulnerable groups, such as migrant workers and unskilled workers who may not adapt to virtual work arrangements.” .

"It is also possible to widen the already existing global wealth and income gaps that could destroy health care systems in low-income countries."

And the "Daily Mail" - in the report translated by "Arabi 21" - that Australian scientists have created a computer model that can monitor the economic effects of the epidemic on the global economy and the losses of each country separately, and found that Europe, the United States and China were the most directly affected areas, and that The transportation and tourism sectors are the ones that hit the spot.

The researchers pointed out that the indirect effects are transmitted through international supply chains and are felt throughout the global economy.

They said that these consecutive effects highlight the fundamental link between the socio-economic and environmental dimensions, and emphasize the challenge of addressing unsustainable global patterns, stressing that "humanity's response to this crisis will determine the post-epidemic world."