The socio-economic implications of the coronavirus pandemic (COVID-19).
The socio-economic implications of the coronavirus pandemic (COVID-19).
Abstract
The COVID-19 pandemic has resulted in over 4.3 million confirmed cases and over 290,000 deaths globally. It has also sparked fears of an impending economic crisis and recession. Social distancing, self-isolation and travel restrictions have lead to a reduced workforce across all economic sectors and caused many jobs to be lost. Schools have closed down, and the need for commodities and manufactured products has decreased. In contrast, the need for medical supplies has significantly increased. The food sector is also facing increased demand due to panic-buying and stockpiling of food products. In response to this global outbreak, we summarise the socio-economic effects of COVID-19 on individual aspects of the world economy.The socio-economic implications of the coronavirus pandemic (COVID-19).ORDER HERE A PLAGIARISM-FREE PAPER HERE
The UN’s Framework for the Immediate Socio-Economic Response to the COVID 19 Crisis warns that “The COVID-19 pandemic is far more than a health crisis: it is affecting societies and economies at their core. While the impact of the pandemic will vary from country to country, it will most likely increase poverty and inequalities at a global scale, making achievement of SDGs even more urgent.The socio-economic implications of the coronavirus pandemic (COVID-19).
Assessing the impacts of the COVID-19 crisis on societies, economies and vulnerable groups is fundamental to inform and tailor the responses of governments and partners to recover from the crisis and ensure that no one is left behind in this effort.
Without urgent socio-economic responses, global suffering will escalate, jeopardizing lives and livelihoods for years to come. Immediate development responses in this crisis must be undertaken with an eye to the future. Development trajectories in the long-term will be affected by the choices countries make now and the support they receive.”The socio-economic implications of the coronavirus pandemic (COVID-19).
The United Nations has mobilized the full capacity of the UN system through its 131 country teams serving 162 countries and territories, to support national authorities in developing public health preparedness and response plans to the COVID-19 crisis.
Over the next 12 to 18 months, the socio-economic response will be one of one of three critical components of the UN’s COVID-19 response, alongside the health response, led by WHO, and the Global Humanitarian Response Plan.The socio-economic implications of the coronavirus pandemic (COVID-19).
As the technical lead for the socio-economic response, UNDP and its country offices worldwide are working under the leadership of the UN Resident Coordinators, and in close collaboration with specialized UN agencies, UN Regional Economic Commissions and IFIs, to assess the socio-economic impacts of the COVID-19 pandemic on economies and communities. The assessment reports available on this site contain the preliminary findings of regional and country analyses.The socio-economic implications of the coronavirus pandemic (COVID-19).
My practicum was held in a facility known as Kingstone Healthcare located in California. The facility caters for more than 500,000 families and patients in the region. More so, the healthcare unit is a source of employment to almost 5,000 staff, more than 2000 healthcare practicing students, and more than 1000 volunteer committed to ensuring patient acquire quality services and compassionate care. While conducting my practicum the facility was faced with COVID-19 pandemic making it difficult to have a smooth flow of activities within the premises.The socio-economic implications of the coronavirus pandemic (COVID-19).
Due to the emergence of the coronavirus epidemic, the hospital had to prepare adequately in protecting the staff and resident from contracting the virus. More so, the prevention of the disease against the staff and public led to altering of activities undertaken in the unit. For instance, restriction of visitors from the facility to avoid overcrowding as well as a proper screening of employees and public at the entrance of the hospital to search for any individual with symptoms that might be suspicious of COVID-19 (Czernin et al., 2020). Even though the facility is trying to ensure the public and staff are strictly following the coronavirus management protocols.The socio-economic implications of the coronavirus pandemic (COVID-19).
The COVID-19 wave led to increase in the number of patients seeking medication in the hospital thus leading to overpopulation in the facility (Nicola et al., 2020). However, this led to the overstretching of medic’s performance to cater to the high volume of patients. This led to the creation of implications to nurses such as nursing burnout and infection of staff. First, nursing burnout refers to the spreading of a phenomenon linked to the reduction of nurse’ performance energy manifested due to lack of motivation, exhaustion, and frustration feelings thus demoralizing the working performance and efficiency. Nurse burnout creates problems since they unable to offer optimum services to the patients. Still, the affected clinicians have impaired memory and attention thereby they are vulnerable to making errors since they cannot emphasis on fine details.The socio-economic implications of the coronavirus pandemic (COVID-19).
Secondly, infection of staff is a major problem in the facility affecting life and health mostly for the nurses at the forefront to safeguard the lives of those with the virus. In this case, my stay in the facility I experienced and discovered that nurses often got infected while attending patients due to lack of enough medical supplies, shortage of nurses as well as inadequate beds (Houghton et al., 2020). The main issue in this fight is the lack of personal protective equipment meant to safeguard nurses from the virus which create fear feeling even among nurse-to-nurse interaction. In addition, nurses operating in the forefront while fighting COVID-19 are at risk of getting such related issues such as infections, depression, and injuries linked to nurses’ anxiety concerning their health concerning stress acquired from COVID-19 patient workload. Still, in this context nurses are worried about their children and families back at home and this affects their general performances at their workplaces.The socio-economic implications of the coronavirus pandemic (COVID-19).
In conclusion, clinical issues mostly affect healthcare organization operations. More so, medical personnel should be offered enough resources that will permit their working process. For instance, an increase of medical staff will reduce burnouts as well as offering enough protective equipment that will offer protection from contracting infections from the patient. The socio-economic implications of the coronavirus pandemic (COVID-19).
