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Economic and Social impacts of Coronavirus | Survey 2020


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 By 2020, as COVID-19 spreads worldwide, more than 190 countries have implemented school closures nationwide. About 90 percent of all students (1.57 billion) were illiterate. Although grade-based solutions are offered in four of the five school-closed countries, at least 500 million children and young people are not yet included in these options. The sheer volume of school closures is likely to hamper progress in access to education. Similarly, the closure of coronavirus infections increases the risk of violence against women and girls, reverses progress towards ending child marriage and female genital mutilation, and places a greater burden on unpaid work for women. Cases of domestic violence have increased by 30% in some countries.

The disease has highlighted the importance of water, sanitation, and hygiene in protecting human health. Despite progress, 3 billion people worldwide do not have access to basic handwashing facilities in their homes - the most effective way to protect COVID-19. In addition to the high levels of development, the virus also highlights the urgent need for affordable and reliable energy - in hospitals and clinics for patients, communities to pump clean water and access important information, and children who do not learn to read far.

Even before the epidemic, economic growth in LDCs, while rapid, failed to reach the target of 7%. The steady rise in global labor productivity seen since 2000 is likely to stagnate in the face of the coronavirus crisis - which has a devastating effect on global labor markets, especially for informal, self-employed, day-to-day workers, and workers in high-risk sectors. The disease has plagued the manufacturing and transportation industries, disrupting global supply chains.

The COVID-19 epidemic is now threatening the past developments, with trade, foreign direct investment, and settlement all expected to decline. It threatens to increase and exploit fragility globally and as a result, has made the achievement of goals more difficult. The point of existence, the goals of eradicating poverty, hunger, and inequality, as well as promoting health, welfare, and economic growth is headed for extinction. The goals and objectives that depend on the growing world economy will not be met. For example, enabling affordable and clean energy will require the creation of new markets and financial markets. Growing the industry, innovation, and infrastructure will require more money. Even before the COVID-19, funding for the SDGs was $ 2.5 trillion short a year.



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