January 31, 2020
The year 2020 has gone off on a crazy start. We’ve had World War Three scares and Trump’s impeachment that’s also been a wild journey, but by far the most concerning news of the year so far is the Wuhan Corona virus. This virus has been around for 17 years in Wuhan, China. The rumors about how the virus started revolves around the Wuhan trade market.
The Chinese economy is enduring its slowest economic period in almost three decades because of this deadly disease. Investors are pulling out of companies, oil prices have dropped, and government officials fear that the economy will continue to worsen with decreased spending during Chinese New Year. Stocks tumbled along with the oil prices as demand is going down for oil. Investors all around the world are quickly pulling out from companies because of fear from the lethal Corona virus spreading fast and killing many people in a short amount of time. Airlines as well as hotels and resorts have also dropped significantly in the stock market because of the virus.
Currently, Wuhan has taken over 100 lives. It has hit major cities like Hong Kong and Chicago as well as Los Angeles California Over 2,000 people have been infected. The amount of people being infected and the death toll continues to climb. This virus keeps on causing so much terror because of how it spreads; it spreads through coughing, sneezing, and any other personal contact with anyone with the virus. Coronavirus hitting major cities is a tremendous problem. Its causing major economic problems with the communities in and around Wuhan China which is the epicenter of the outbreak. The Coronavirus is very deadly if not treated correctly and could lead to many issues and major events if not treated and taken care of now.