August 6, 2020
The coronavirus (COVID-19) outbreak is imposing serious risks to most of the living activities including political, economic, social, business and also education and training services.
Global Economic and Markets Trends
According to the OCED, the output contractions in China is already felt around the world, given the key role that Chinese firms play in the global value chains. Other additional slowdowns in other economies are foreseen but in a smaller scale. In fact, and according to McKinsey; the global economy would be exposed to higher critical impact as the virus is primarily propagating in countries that represent 32% of global GDP (Gross Domestic Product).
Also, across global markets, stocks value has so far lost about $5 trillion in terms of the value of listed companies, according to Capital Economics.
Government Measures in Response to the coronavirus (COVID-19)
Governments around the world are taking serious measures to control the disease transmission, for example:
Business Responses to the coronavirus (COVID-19)
Across different industries, the virus outbreak has caused several event cancellations, the most important cancelation was announced by Facebook, while Microsoft and Google had announced to transform their events to a “Virtual Version”.
Education and Training Industry Responses: Virtual Classes
Moving classes online is the key action announced by major schools and training houses worldwide. For example, the University of Washington announced, via its twitter account, that all classes will be delivered online till the end of the winter quarter March 20. Also, Northeastern University’s campus in Seattle have also moved to online courses. Having the courses you need online (live), would assure you get the learning benefits you need and help you avoiding the infection and related probabilities.