Milan braces economic slowdown after spike in coronavirus cases
UNTV News • February 27, 2020 • 335
Milan, capital city of northern Italy’s Lombardy region is seeing a drastic economic slowdown, after a spike of coronavirus (COVID-19) cases in the region, raising anxiety about a broader slowdown.
A total of 400 people tested positive for the novel coronavirus in Italy, up by 26 from the official tally released at noon, Civil Protection chief and Extraordinary Commissioner for the Coronavirus Emergency Angelo Borrelli told a televised press conference on Wednesday.
The number includes the deaths, which remained unchanged at 12, and the three recovered, Borrelli said.
Among the confirmed cases, 258 are in Lombardy, and another 71 are in the Veneto region with Venice as its regional capital, 47 in Emilia Romagna, and 11 in Liguria.
While the government has ordered a lockdown of 11 communities and the cancellation of all schools and public events in five northern regions, many big businesses have chosen to implement a “work smart” policy, telling employees to work from home.
Milan is no ghost town, but it has clearly slowed down, as the usually bustling main train station is quiet, public transit is empty, and taxis sit idle. Even Milan’s Fashion industry, has been hit.
Carlo Capasa, Chairman of the Italian Chamber of Fashion, said the virus affected sales in China and now is threatening Italy.
“Well, the effect is quite strong because in China, as you know, for many days, most of the department stores they were deserted, so the business has been dropping dramatically. Now we are afraid that the retail in Italy could suffer a little bit. Between what Chinese buy in China and what Chinese customers shop here, it goes around 30 percent, it’s a big market,” said Capasa.
Italy’s tourism industry has also felt the pinch.
Milan is clearly not void of tourists, but the number saw a decrease. In 2019, tourism brought a profit of 40 billion euros to Italy, 13 percent of its gross domestic product.
Italy’s northern regions and in particular the regions of Lombardy and Veneto where the highest number of confirmed coronavirus cases have been discovered are among the richest, the most dynamic and the most export-intensive in a country with a public debt three times its GDP.
The Bank of Italy has estimated a 0.2-percent loss of GDP growth due to COVID-19.
However, Marco Bettin, Chief Operating Officer at the Italy China Foundation, a nonprofit organization supporting the annual 40-billion-euro bilateral cooperation, said it’s too early to quantify the economic impact.
“Up to now we don’t have heavy consequences on the supply chain because most of the supply has been made before the Chinese New Year. So now we are experienced–. It is very hard to say, because the situation is still ongoing,” said Bettin.
While masks have been sold out for days and hand sanitizer has doubled in price, pictures circulating of panic buying and empty shelves across the city have been exaggerated, at least for now.
Residents appear far from panicked, but there is growing anxiety as the number of COVID-19 cases continues to rise in the country.
MANILA, Philippines — National Task Force Against Covid-19 chairperson and Defense Secretary Delfin Lorenzana on Sunday (May 24) said that Metro Manila may possibly be placed under general community quarantine (GCQ) in June.
With this, Metro Manila residents may expect more relaxed quarantine restrictions to be implemented next month.
Lorenzana said the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-MEID) has been discussing the readiness of the capital region for it to be transitioned to GCQ from the modified enhanced community quarantine (MECQ).
“More likely mag-gi-GCQ na tayo by June 1,” the defense chief said.
He added that areas that still have novel coronavirus disease (COVID-19) cases will remain under their control.
“Ang pinag-uusapan namin sa IATF, eh mag-GCQ, pero ‘yung mga areas na meron pa ring… mga infection baka ‘yun na lang ang ikontrol ng konti,” Lorenzana said.
The areas that will be placed under GCQ are those that are considered to be at low risk of COVID-19. With this, more industries will be allowed to operate.
Lorenzana insists that although recorded COVID-19 cases has been going down everyday, quarantine measures must remain to prevent the second wave of the infection.
“We would like to impress in our people ‘yung self-discipline, para masanay sila na ito na ‘yung new normal, na social distancing, wearing of face mask, sanitation,” the official said.
Task Force Against Covid-19 Chief Implementer Carlito Galvez, Jr. has earlier mentioned about the planned “zoning concept” or the measure that will limit the implementation of a lockdown in an area based on the number of confirmed COVID-19 cases. —(with details from Victor Cosare) /mbmf
The World Health Organization expressed concern on Wednesday (May 20) for the rising number of new coronavirus cases in poor countries, even as many rich nations emerge from lockdown.
The global health body said 106,000 new cases of infections of the novel coronavirus had been recorded in the past 24 hours, the most in a single day since the outbreak began, as the total number of cases world-wide approached five million.
Speaking at a news conference, WHO director-general Tedros Adhanom Ghebreyesus said that two thirds of those cases had come from just four countries.
The WHO has come under fire from U.S. President Donald Trump, who accuses it of having mishandled the outbreak and favouring China. This week Trump threatened to withdraw from the WHO and permanently withhold funding.
Tedros acknowledged having received a letter from Trump, but declined to comment further.
In comments that could annoy Trump further, the head of the WHO’s emergency programme, Dr. Mike Ryan, told the press conference that people should avoid using the malaria medicine hydroxychloroquine, except for conditions it is proven to treat. Trump has said he is taking hydroxychloroquine to prevent coronavirus infection.
Tedros said he was committed to accountability. The WHO has announced a review into the response to the pandemic, which emerged in China late last year.
“WHO calls for accountability more than anyone. It has to be done and when it’s done it has to be a comprehensive one,” he said of the review, while declining to give a timeline for it starting. (Reuters)
Brazil’s confirmed COVID-19 cases had exceeded 230,000 as of Saturday local time, surpassing the numbers in Spain and Italy and making the country’s outbreak the fourth largest in the world, according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University.
According to the latest epidemiological data, the virus has infected 233,142 people and left 15,633 dead. The number of confirmed cases in Brazil has jumped to the fourth in the world, following the United States, Russia and the UK.
Brazil saw 14,919 new confirmed cases and 816 additional deaths on Saturday.
According to a statement issued by the Vice President office, Brazilian Vice President Hamilton Mourao and his wife undertook COVID-19 tests on Saturday after a household help who had close contact with them was tested positive. The couple are under quarantine at home now.
Brazilian President Jair Bolsonaro strongly supported the resumption of business activities and ending large-scale isolation as soon as possible during an interview Saturday.
The president said the isolation measures taken by the governors and mayors of different states will bring more chaos, hunger and poverty, and a total of 380 million people without formal jobs have lost everything in the outbreak. He is worried that it will be difficult to recover the economy and social order.
However, as the epidemic is almost out of control in Brazil, most of the country’s states and municipalities decided to further strengthen the isolation measures to ensure the safety of people. (Reuters)
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