Coronavirus recession
Causes
The COVID-19 pandemic is an ongoing pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2); the outbreak was identified in Wuhan, China, in December 2019, declared to be a Public Health Emergency of International Concern on 30 January 2020, and recognized as a pandemic by the World Health Organization on 11 March 2020. The pandemic has led to severe global socioeconomic disruption, the postponement or cancellation of sporting, religious, political and cultural events, and widespread shortages of supplies exacerbated by panic buying. Schools, universities and colleges have closed either on a nationwide or local basis in 190 countries, affecting approximately 73.5 percent of the world's student population. Many governments have restricted or advised against all non-essential travel to and from countries and areas affected by the outbreak. However, the virus is already spreading within communities in large parts of the world, with many not knowing where or how they were infected.
Coronavirus recession-13