Australia is in recession for the first time in almost 30 years as the coronavirus epidemic has finally ended its record run of economic prosperity.
Since George W. Bush was the senior US
president and Brian Adams has ruled the pop chart, the country's economy has
suffered two-quarters of negative growth in a row. Was, predicted.
But Wednesday's data showed that rising
domestic consumption forced GDP to shrink by 7% in the three months to the end
of June.
However, according to Johns Hopkins
University Tracker, overall epidemic control in Australia is still a bright
spot in the world with more than 25,650,000 cases, with 855,000 deaths.
According to Johns Hopkins University Tracker.
Hoping for international co-operation on
the global vaccine, a "real blow" was dealt with’ on Tuesday when the
Trump administration in the United States said it would not join the World
Health Organization's Covax treatment.
The White House said it did not want to be
coerced’ by "corrupt World Health Organization and China-influenced
multilateral organizations" and said it was confident it could develop its
own vaccine.
The move threatens to draw the WHO into a
dangerous "vaccine nationalism" in which rich countries develop their
own vaccines and deny access to poorer countries, leading the world. Recovery
is delayed’ throughout.
More encouraging news in this form came
from a study of antibodies by 30,000 American scientists in Iceland. The
results show that, despite some recent concerns, antibodies try to fight the
corona virus for at least four months after human diagnosis and do not go away
quickly.
The team said: "If a vaccine can
promote the production of long-lasting antibodies because it appears to be a
natural infection, it raises the hope that immunity from this unexpected and
highly contagious virus will be temporary. Will not go away. "
Infections are already on the rise in
severely affected countries such as Brazil, Colombia and Mexico, where there
are now more than 600,000 infections and 65,000 deaths.
In South Korea, where the virus has
recurred in recent weeks, officials have warned that the infection rate has
been high in the 60's and is putting strain on the country's health system.
But in Pakistan, health experts are
shocked’ by the decline in cases over the past month after the initial
increase, which many believe will lead to a serious crisis.
Despite fears that the country's
overcrowded urban areas and ramshackle hospitals will be curbed 19 deaths are
hovering in the single digit every day, while neighboring India suffers
hundreds of deaths and 4 million infections. Is.
Pakistan has a long history of failing to
control infectious diseases such as polio, tuberculosis and hepatitis, but the
corona virus has so far been’ suppressed. To date, the South Asian country has
confirmed more than 295,000 infections and is currently recording a few hundred
new cases.
"No one has been able to explain this
shortcoming ... we have no concrete explanation," said Dr Salman Haseeb of
Services Hospital in the eastern city of Lahore. "
This was the biggest decline since the
record began in Australia in 1959, adding to the decades-long boom in the
Chinese economy and the demand for vast reserves of commodities such as iron
and coal.
The country's statisticians ended up
exceeding expectations, and the first three months of the year saw negative
growth to put the country on a pedestal.
Household spending crashed during the
lockdown in April and May, with up to 2% of costs on restaurants and up to 85%
on transportation. Australians competed with a 13% increase in spending on
alcohol.
Although the ruling coalition right from
the ruling center says performance is far better than many countries,
economists warn that Australia has a long way to go to fully recover. Victoria,
the second-largest state, is still in lockdown amid a second wave of serious
corona viruses on Wednesday, with 90 new cases on Wednesday.
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