Will Coronavirus Destroy us economy? (audio + text )

Will Coronavirus Destroy US Economy? (audio + text )

In any major pandemic, the greatest cost is always the tragic loss of human life, but that isn’t the only cost we have to worry about these days. A pandemic can have lasting effects on the global economy long after the infection rate has slowed down to a crawl. What kind of effects? Well, today we turn our eyes to the Spanish Flu of 1918 - which killed around fifty million people worldwide, and infected five hundred million - in hopes of finding out. The human toll of the Spanish Flu pandemic was massive. Families and communities were utterly decimated by all the deaths, and funeral parlours were so overrun that many people had to bury their own dead. Of course, nothing happens in a vacuum, so both the response to the pandemic and the pandemic itself affected the economy. Much like today, countless businesses had to close in order to delay the spread, and so many people died that a lot of valuable positions were left empty. Public services like mail delivery and garbage collection were also brought to a dead stop, and crop yields were horrifically low because so many agricultural workers were sick or trying not to get sick. Between that and the first World War, it’s remarkable that the Roaring Twenties even occurred. Or is it? It’s indisputable that the Spanish Flu took a major toll on human life, but can the same really be said for its effect on the global economy? Let’s take a more detailed look at the economic aftermath of the Spanish Flu to find out. It can be surprisingly difficult to analyse the economic impact of this pandemic, because its effects on the financial world are difficult to disentangle from the effects of World War One as a whole. The World Economic Forum estimates that the average GDP and consumption per capita fell by six and eight percent, respectively, but there’s still significant gaps in the data. If World War One hadn’t occurred just prior, we may have been looking at a completely different set of circumstances. But that’s not the world we live in. During the outbreak itself, the

Har qanday katta pandemiyada har doim odamning fojiali halok bo'lishi eng katta xarajatdir, ammo bu bizning kunlarimiz uchun tashvishlanadigan yagona xarajat emas. Pandemiya infektsiyani tarqalish sur'ati pasayganidan ko'p vaqt o'tgach, jahon iqtisodiyotiga uzoq muddatli ta'sir ko'rsatishi mumkin. Qanday effektlar? Bugun biz 1918 yildagi Ispaniya grippiga - dunyoda ellik millionga yaqin odamni o'ldirgan va besh yuz millionni yuqtirgan - bilib olishga umid qilamiz. Ispaniya grippi pandemiyasi qurbonlari soni katta bo'lgan. O'limlar oilalar va jamoalarga barham berildi, dafn marosimlari shu qadar ko'p bo'ldiki, ko'p odamlar o'zlarining o'liklarini ko'mishga majbur bo'lishdi. Albatta, bo'shliqda hech narsa bo'lmaydi, shuning uchun pandemiyaga va pandemiyaga qarshi javob choralari iqtisodiyotga ta'sir ko'rsatdi. Bugungi kunga o'xshab, tarqalishni kechiktirish uchun son-sanoqsiz korxonalar yopilishi kerak edi va shunchalik ko'p odamlar o'lib ketdiki, ko'plab qimmatli lavozimlar bo'sh qoldi. Pochta etkazib berish va axlat yig'ish kabi kommunal xizmatlar ham to'xtab qoldi va qishloq xo'jalik ishchilari kasal bo'lganligi yoki kasal bo'lmaslikka harakat qilganlari sababli hosil unumdorligi juda past edi. Bu va birinchi jahon urushi o'rtasida, hatto g'azablangan yigirmanchi yillarning sodir bo'lganligi diqqatga sazovordir. Yoki shundaymi? Ispaniya grippi inson hayotiga jiddiy ta'sir ko'rsatgani shubhasiz, ammo global iqtisodiyotga ta'siri to'g'risida ham shunday deyish mumkinmi? Buni bilish uchun Ispaniya grippining keyingi iqtisodiy oqibatlarini batafsil ko'rib chiqaylik. Ushbu pandemiyaning iqtisodiy ta'sirini tahlil qilish ajablanarli bo'lishi mumkin, chunki uning moliyaviy dunyoga ta'siri umuman Birinchi Jahon urushi oqibatlaridan ajratish qiyin. Jahon iqtisodiy forumi hisob-kitoblariga ko'ra, aholi jon boshiga to'g'ri keladigan yalpi ichki mahsulot va iste'mol hajmi mos ravishda olti va sakkiz foizga pasaygan, ammo bu borada sezilarli bo'shliqlar mavjud. Agar Birinchi Jahon urushi oldinroq ro'y bermagan bo'lsa, ehtimol biz butunlay boshqacha vaziyatlarni ko'rib chiqgandirmiz. Ammo biz bu dunyoda yashamaymiz. Kasallik avjiga chiqqan paytda