It was supposed to be a great year, but all of a sudden, the world came to a stand still as people are forced to stay home since the outbreak of covid-19 became mainstream.
Since the first case of the novel coronavirus was reported in Chinese city of Wuhan on 17th November, 2019, it has spread rapidly to many countries with currently confimed cases standing at 1,276,587, out of which 69,522 deaths were recorded and 265,944 recovery according to data from worldometer.
Speaking in a publication by The Washington Post on April 5th, 2020, Fareed said, “Even as we are just beginning to confront the magnitude of the shock caused by the Covid-19 pandemic we need to wrap our minds around a painful truth. We are in the early stages of what is going to become a series of cascading crises, reverberating throughout the world.
Oil-producing states could see chaos: with oil prices crashing even before Covid-19 hit, countries like Libya, Nigeria, Iran, Iraq, and Venezuela could see economic catastrophes resulting in “political turmoil, refugees, even revolutions, on a scale we have not seen for decades.
“The world entered this cris*s with mountains of public debt and with global cooperation at a nadir. The problem we face is broad and global but unfortunately the responses are increasingly narrow and parochial”.