This year has not started well. It began with deadly Australian bush-fire to novel coronavirus that has blanketed our whole planet in no time. The entire world is facing a complex time of history. It is difficult to count on one reason for this, but coronavirus is being considered as one of the major reasons. It is just the first quarter of 2020 and the whole world is witnessing the major historical events around the globe from public health to politics.
The world is facing a crisis in all aspects. 2020 is indeed a complex Time for the whole world and here is the prospect of the recent happening in a nut-shell.
Health Crisis: A complex time for the whole population
The pandemic of 2020, a novel Coronavirus or called COVID-19, has caused the whole population of the world to a threat and fear. The Virus outbreak from China ultimately reached all regions of the globe. It currently has 2.1M Million active cases, half a million deaths and 6.61M recoveries.
Besides, people are becoming pessimistic and facing depression due to a long lockdown in almost all regions of the world. The general public’s mental health is being affected because social activities are closed. People are facing stress, fear and complex time of their lives due to uncertainty and isolation. Until unless a common vaccine is not being available, the situation of social and mental restlessness will continue to prevail.
Coronavirus also created the conflict between the US and China as Trump named it as Chinese virus and China strongly denied it.
World’s Economy is at a Risk.
By history, the Great Depression of the 1930s, which is considered as the worst economic period when the American stock market lost its share value up to 90%. Since then, no calamity has caused such a massive impact on the world`s economy as this Coronavirus pandemic does. Coronavirus is not only a threat to lives but also livelihoods.
Almost 3.3 Billion people faced economic issues due to the pandemic. By the time the pandemic will be over, half of the world’s population, nearly 7.8 billion people, could be living in poverty.
The US issued $2.3 Trillion for Coronavirus support for the public with the tag of the world’s largest support program. Under developing countries like Pakistan, India, Iran, etc are facing backward GDP growth. The overall world GDP came to 4.5 from 6.5. Likewise, international trade also faces slow down and Businesses based on globalization, also facing the downside risk of sustained recovery.
International Political situation getting complex.
This year started with the US Iran conflict and both countries nearly entered into war situations when Qasim Soleimani was assassinated in a US drone attack on 3rd January. He was Major General in Islamic Revolutionary guard corpsand considered as the 2nd most powerful man of Iran.
He was well known due to the Iran-Israel proxy conflict and his death brings the complex time for Iran. In that reaction on 8th January, Iran released ballistic missiles to US military bases located in Iraq in which many US soldiers died with 200+ injured.
Now China and India standoff on the Ladakh border at the point of Gulawan valley, which resulted in 20 deaths of Indian soldiers and some casualties and injuries to the other side.
Besides, China passed a security law in Hong Kong. According to that, crimes of secession, subversion, terrorism and collusion with foreign forces are punishable by a maximum sentence of life in prison. Damaging public transport facilities can be considered terrorism.
In addition to all of this, the Turkish army strikes in Syria with high velocity. These events have already happened in the first quarter of 2020 and Q2 is holding more world subjects to more uncertainty and complex time for every region of the world.