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Australian Economy Could be Hit Hard by the Coronavirus

Know how coronavirus can have a negative impact on the Austalian economy and entertainment industry

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Australia economy coronavirus
According to economists, Australia could lose as much as $1 billion due to coronavirus outbreak. Pixabay

The outbreak that originated in Wuhan, China has quickly caused a crisis across the world. The virus has already been announced to pose a worldwide threat, but the biggest risk groups are the countries located close to China.

The toll has not been limited to those infected by the virus. The entire economy of the world is currently going through a major change, since China and its neighboring countries, including Australia, are such important players in the world trade. All the flights going in and out of China have been canceled and traveling, in general, has become much more dangerous, hence much less popular. The scope of the damages caused by the coronavirus has already stunted the economy of the region.

Economic losses for Australia

According to economists, Australia could lose as much as $1 billion due to this outbreak. The tourism sector has taken the biggest hit with these changes. The outbreak happened during the Chinese New Year, which is usually a huge time for international travel, but because of this outbreak, the traveling is limited, causing the countries that usually see a lot of action in ticket sales, a major loss. Even though 99% of coronavirus cases are registered in China, there are some singular cases outside of the country, in Australia as well, so the traveling is actually quite difficult, with some airlines completely shutting down their flights to prevent the virus from spreading.

Australia economy coronavirus
The outbreak has affected the businesses and services that operate in public areas, but most of all it is the entertainment industry in Australia that has suffered. Pixabay

What is also affecting China is that they have suspended all the trading, and for a lot of countries, especially for Australia, for which China is an extremely important trading partner, the access to a lot of imported goods has been limited.

The world has experienced outbreaks of a similar scale two times, during the swine flu (H1N1 Flu) in 2009, and SARS 2003, also originating from China. But this time around, having had experience with SARS, China reacted much more quickly than in the previous case, hopefully ensuring the better prevention of international contamination, but coronavirus is difficult to diagnose because it does not immediately show up, with varying symptoms, so a person could be carrying a virus without even knowing it for two weeks.

The effects on the entertainment industry

The outbreak has affected the businesses and services that operate in public areas, but most of all it is the entertainment industry that has suffered, because amidst the outbreak, not only do people have no time for these kinds of activities, but also most of them require being around a lot of people in smaller spaces.

Australia economy coronavirus
What is also affecting China is that they have suspended all the trading, and for a lot of countries, especially for Australia, for which China is an extremely important trading partner, the access to a lot of imported goods has been limited. Pixabay

Australia has one of the most famous gambling scenes, with two outstanding leaders in this industry located there, The Crown and Star, who rely on rich gamblers coming in from China.  So as on mainland China it is illegal to gamble the VIP gamblers come in Australia to get access to online gambling for real money and play here online pokies games. These establishments are already experiencing huge losses. The USB forecast even went on to say that these casinos will likely see a 50% drop in their income because of the outbreak. These casinos are a tourist destination as well, and considering the dangers that come with flying in the regions around China, these casinos are bound to have a pretty rough quarter.

The airline companies will also experience huge losses these following weeks and since we don’t know whether there will be a solution anytime soon, and how bad the coronavirus can get, these estimations could really grow, causing even bigger disruptions. The exact numbers could change in a matter of weeks, depending on how the virus behaves, but one thing is clear, the outbreak has greatly affected the economies around the world, and especially in the region. Australia is already recovering from the terrible bushfires that have destroyed a lot of Australia’s wildlife and facilities.

Also Read- Simple Blood Test May Help Improve Diagnosis of Ovarian Cancer: Study

Now in addition to that, the country is experiencing the consequences of the virus outbreak and is feeling the results of the outbreak on its economy and financial sector, with tourism and entertainment, two for the huge parts of the Australian economy, taking the biggest hit.

Next Story

Time to Make Your Immune System Stronger

10 easy steps to build a stronger immune system

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food immune system
Add some superfoods in your diet to build up your immune system. Pixabay

We often see how people around us get affected by viral infections and fevers easily; they have to keep making visits to the doctor at regular intervals.

Dr Sheryl Salis, Registered Dietician and Certified Diabetes Educator states that this is all a result of their poor immune system and shares easy ways to boost your immunity.

Salis adds, “The immune system acts as a defense mechanism against disease-causing microorganisms and protects us from all viruses and microbes that our body is exposed to daily.

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Can you imagine having no gatekeeper to fight and defend your body against various germs and microbes exposed every day? No right? Well, that’s how important it is to build a strong immune system by improving your diet and making the necessary lifestyle changes.”

Follow these ten steps to to build a strong immune system:

1. Switch/Add Morigna Green teas/Green Teas/Green Coffees for health benefits

Sip on Superfood Moringa Green tea, it is formulated to give you all the benefits of Green Tea combined with the power of the superfood Moringa. It is packed with vitamins and minerals. It is rich in vitamin C and has antioxidants properties which helps boost immunity. It helps maintain bone and joint health, helps regulate metabolism and aids in weight management.

food immune system
Vitamin C can strengthen your immune system. Pixabay

Similarly, unlike regular coffee, Green Coffee is unroasted and hence it has three times more antioxidant potential which is otherwise lost during the roasting process. It is a health booster that is high in antioxidants which helps boost immunity and aids in weight control and management.

2. Wash the Germs Away

Well, we’ve all heard this right since our school days and that’s how important it actually is. Wash all fruits and vegetables thoroughly, particularly leafy vegetables, cauliflower and broccoli as a precautionary measure before using them.

3. A Colorful Plate

Include colourful fruit and vegetables like pumpkin, bell peppers, carrots, tomatoes, papaya that add flavour to your palate. These are essentially rich in antioxidants and help you build a stronger immune system.

4. The Major Player – ‘Vitamin C’

Include foods rich in Vitamin C like orange, sweet lime, lemon, gooseberry, bell pepper, berries, tomato, dark leafy vegetables, cashew fruit, kiwi, strawberry, Brussel sprouts, broccoli, etc. which boost your immune system.

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Did you know? Amla has the highest Vit C content which is almost equal to the Vit C of two oranges. Amla has potent anti -viral and antioxidant properties. Dried amla is as good as fresh amla as it contains substances which partially protect the vitamin C from destruction on heating or drying.

5. Add Zinc to your diet

Foods rich in zinc such as nuts, whole grains, legumes, yeast, dairy products also help boost immune function and are highly recommended to be incorporated in the diet.

6. Soups with Superfoods

Soups are one of the best options for those evening hunger pangs. Soup essentially makes for the ultimate evening snack as it is not only low in calories but also gives much needed satiety. It is a convenient and nourishing option to keep you warm and agile. These days, you get instant-ready soup with superfoods; they are so nutritious that it has up to four times the protein content compared to regular soups.

food immune system
Soups with superfoods are considered to be very healthy for your immune system. Pixabay

7. Enhance Digestion and stay Hydrated

It surely helps if you use garlic, pepper, ginger, asafetida (hing), cumin seeds/powder, turmeric, moringa, lemongrass, basil, and coriander in cooking as they help enhance digestion and improve immunity. Did you know that adding black pepper to the turmeric helps in the absorption of active ingredients in turmeric? You can mix and add it to food especially soups.

8. Spice Up Your Meal

Pepper rasam and sambhar has all the essential spices and is just right to boost your immune system. Spices tend to be very helpful in building a strong defense mechanism against viral infections. Ensure to include sambhar and rasam to your meals.

9. Kill the Virus with these anti-viral foods

Garlic, Fennel, Basil, Cloves and Tulsi have anti-viral properties that help you maintain and boost your immune system whilst you stay prepared to fight the viral infections and flus

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10. Drink Healthy Juices

Try these healthy juice combinations like Beetroot + Carrot + Spinach + Amla + Ginger or Apple + Beetroot + Carrot + Ginger + Lemon + Celery. These juices not only energize you and help you maintain youthfulness but also help boost your immune system in an efficient manner.

We can boost our immune systems by adding the above mentioned foods easily available in our kitchen to build a stronger immune system without letting us compromise on our favorite meals.

Also Read- Researchers Develop AI Algorithm That Can Diagnose Skin Diseases

It is extremely important to build a strong immune system which will work in our defense during times of distress.

Stay safe and healthy! (IANS)