Chinese Prime Minister Li Kiqiang has announced that his country has made major strategic achievements in fighting the outbreak of the Coronavirus, which appeared in late 2019 in Wuhan Province in the central part of China.
Li Kiqiang said at the opening sitting of the National People's Congress, on Friday that the sons and daughters of the Chinese nation have remained united during a very difficult period, and we have built a great wall of solidarity.
Li Kiqiang added that Chinese people have achieved a decisive victory in the defense of Hubei Province and its capital, Wuhan, whose residents were quarantined for two and a half months.
Li Kiqiang continued to say that the pandemic hasn't finished yet throughout the country at the present moment.
The Chinese PM stressed that the tremendous task which remains to be accomplished limits to face of the economic consequences of the deadly virus.
The Chinese PM added that the Chinese people must redouble efforts to reduce the hefty losses caused by the Coronavirus.
The Chinese PM pointed out that the country will face a number of factors that are difficult to predict due to the COVID- 19 pandemic and global conditions.
After the country was locked down late in January in response to the outbreak of the disease, China was able to dramatically reduce the number of Coronavirus infections.
Authorized reports affirm that new infections with the virus had decreased in recent weeks. China registered a few new cases in the course of the later weeks.
On the other hand, the United Nation (UN) has issued a report draws a dreadful image of the world economy.
The report warns of precedent rates of unemployment and poverty in the world during the period to come as an expected fallout of the Coronavirus which threatens the planet now.
The deadly virus ( known also as the COVID-19) has infected more than three million people in the world so far.
The UN report on April indicated that about 195 million persons will lose jobs due to the Coronavirus.
This leads to more poverty and other social problems in the world. Experts of the UN stressed that economic crisis related to the COVID-19 pushes the world economy towards depression like the great Depression that hit the world economy in the end of the 30s of the 20th century.
The report went on to say that the small and medium-sized firms, farmers, refugees, immigrants are the most vulnerable categories which inflicted by the impacts of the Coronavirus.
The economists warn that the world is about to enter into a new passive depression over the period to come.
The envisioned slump will be the most dangerous since the 1930s.
Many governments across the globe have ordered their national companies to suspend their activities and instructed their peoples to stay at home.
Despite the sinister expectations, the experts affirm that the depression may hold for a short period.
Economists at the Stanley Morgan Bank forecast the slump will run for short range. But they point out that economies of the developed nations will return to the previous levels of growth by the third quarter of the next year.
However, the International Labor Organization (ILO) has warned that the Coronavirus would leave about one billion at the age of work, without jobs in all parts of the planet.
The organization released a statement said that those who will not lose their jobs may suffer from reducing wages.
Restaurants, hotels, retail and various industries are the most vulnerable sectors in the world economy. Those sectors were hurt excessively due to the deadly virus which was ranked by the World Health Organization on March 10, as pandemic.
The ILO urges the governments to offer immediate aids to the employees and companies to protect the workforce against either dismal or shut down.
The statement of the ILO expected that work hours in the world will be reduced by 6.7% throughout the second quarter of the current year.
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