World under lockdown

World under lockdown

Drastic measures are being taken all over the world to slow down and even put an end to the Coronavirus pandemic.


Europe

Italy and Spain, two of the most affected countries in Europe at the moment, are on national lockdown since March 9, and March 14, respectively. Borders have been closed, non-essential shops, schools have been shut-down as well. Citizens who go out must have a certificate declaring their reason for leaving the house, which will be checked by the police. Given the problematic situation that Italy finds itself, the restrictions which are in place until April 3, could extend to July 31.

Spain now has the second-highest number of deaths globally- 3,434, after Italy's 6,820.

More countries across Europe have imposed meeting mitigation measures as well: France, Germany, Belgium, amongst others, have banned gatherings and all sorts of social events. Train and air travel have been cut drastically. The only exceptions being for supply chains and for the few that can’t work from home.


The US and elsewhere

Things don't look right across the ocean, either. The World Health Organization believes that the USA might be the next epicenter of the virus. As of Monday, the virus had infected more than 42,000 people there, killing at least 559.

Starting Tuesday, India is in full lockdown for 21 days. This is said to be the most extensive lockdown yet, with 1.3 billion people, CNBC reported. "To save India and every Indian, there will be a total ban on venturing out of your homes," Indian Prime Minister Narendra Modi said, according to CNBC.

Also on Tuesday, Colombia started a nationwide quarantine that is expected to last 19 days, according to BBC.

Saudi Arabia imposed a curfew, closed restaurants, schools, and some of the most important cities in the country are also on temporary lockdown: Riyadh, Mecca, and Medina.

South Africa will undergo a 21-day lockdown starting March 26.

China has imposed the most drastic measures, locking down more than 16 cities since the end of January. According to WHO, this prevented the occurrence of even more cases.

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Sources: cnbc.com, investing.com, businessinsider.com, dw.com

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The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.