The Coronavirus Is Taking A Toll on the Global Economy

Goodbye Planes, Trains and Automobiles. Hello, Luxury Bus?

In case of a serious epidemic, which is what is expected once the virus reaches South East Asia, the government will not be able to afford the medical aid required to combat it.

The Chinese-funded, American-backed campaign against the coronavirus has taken it’s toll on airlines, railroads and the auto industry.

“We’ll shut them down, and all other businesses that are involved in the transportation industry will come to a grinding halt,” said a spokesperson for the World Health Organization, Anthony Fauci, who is expected to hold a press conference on Monday morning to update authorities on the global coronavirus epidemic.

The news is a stark contrast to the same time two weeks previously when the International Monetary Fund praised China for its economic stimulus measures in efforts to combat the coronavirus.

In the second week alone, the world’s top airline companies in the United States, Mexico, Canada, Singapore and Australia have cancelled or postponed their spring 2019 schedules in response to the coronavirus pandemic.

Meanwhile, the number of cancellations by Amtrak, United Airlines and Alaska Airlines has increased as passengers wait to see if they will be able to fly when travel restrictions kick-in.

With the coronavirus potentially having a global impact, airlines are bracing themselves for a potentially huge loss.

“If this goes too far, we’ll be the ones with the death or disaster on our hands,” said a United Airlines spokesperson. “It would be catastrophic.”

The impact of the coronavirus on the global economy has been significant. According to the UN Food and Agriculture Organization, the average annual rate of growth in world food consumption was 1.32 percent in April 2020, while the global number of people who are malnourished was 6 million

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