Has India stumbled upon a chance defence against coronavirus? Nomura economist thinks it has - Economic Times | Canada News Media
Connect with us

Health

Has India stumbled upon a chance defence against coronavirus? Nomura economist thinks it has – Economic Times

Published

 on


Does India have a serendipitous bulwark against the deadly virus that is ravaging parts of China and spreading to several other regions of the world?

As it turns out, some people do think that could be the case. In an interview, Robert Subbaraman, chief economist at Nomura, said Asia is by far the region most exposed to contracting the virus, but within Asia, India is the least exposed to economic fallout from the coronavirus.

The reason: India’s aversion to joining Asia’s sophisticated supply chain for production, where China is the epicentre, may be what is saving the country from coronavirus.

India has been slow to get involved in Asia’s very sophisticated supply chain for production across countries where China is the epicentre. This has helped India from feeling the real damage of the coronavirus, which has brought many industries, in and outside China, to a standstill.

“India does not have a strong links with China in terms of visitor arrivals and so forth in some of these other Asian countries but also the economic spill-overs from China onto India are not severe,” Subbaraman said.

India and the virus

The outbreak of the virus in China has hit India’s manufacturing and exports sectors. Among those hit particularly hard are medicines, electronics, textiles and chemicals. China is India’s biggest source of intermediate goods, a sector that sees bilateral trade worth $30 billion a year.

The Indian government is seized of the threat. Finance minister Nirmala Sitharaman said the government would announce measures soon to help cope with the effect of the virus. The FM met more than 200 business leaders to assess the impact of the coronavirus and discuss plans to contain the damage.

Ratings agency Moody’s said on Tuesday that the outbreak added to pressures on growth in Asia. The impact is felt primarily through trade and tourism, and through supply-chain disruptions.

Moody’s cut its economic growth forecast for India for 2020 to 5.4% from an earlier estimate of 6.6%, and cut the forecast for 2021 to 5.8% from 6.7%, saying the revisions were also affected by weakening domestic demand.

One economy already down

China’s economy now faces much weaker growth as the spread of the virus has hit production as well as trade.

“China’s GDP growth is going to be at least a halving between Q4 and Q1 this current quarter. So it is looking like this quarter will be 3% year-on-year,” he added.

The business impact of the virus is already being felt in many parts. While the world scrambles to control its spread, the world’s most China-reliant economy, Australia, is reeling from shockwaves. The faltering of Australian trade has now fueled questions over whether the nation is too reliant on the Asian behemoth.

Coronavirus has now affected over 82,000 people worldwide, and caused more than 2,800 deaths. About 30,000 of the affected have been cured, but fear of infections is still rampant and is only growing.

Let’s block ads! (Why?)



Source link

Continue Reading

Health

How many Nova Scotians are on the doctor wait-list? Number hit 160,000 in June

Published

 on

 

HALIFAX – The Nova Scotia government says it could be months before it reveals how many people are on the wait-list for a family doctor.

The head of the province’s health authority told reporters Wednesday that the government won’t release updated data until the 160,000 people who were on the wait-list in June are contacted to verify whether they still need primary care.

Karen Oldfield said Nova Scotia Health is working on validating the primary care wait-list data before posting new numbers, and that work may take a matter of months. The most recent public wait-list figures are from June 1, when 160,234 people, or about 16 per cent of the population, were on it.

“It’s going to take time to make 160,000 calls,” Oldfield said. “We are not talking weeks, we are talking months.”

The interim CEO and president of Nova Scotia Health said people on the list are being asked where they live, whether they still need a family doctor, and to give an update on their health.

A spokesperson with the province’s Health Department says the government and its health authority are “working hard” to turn the wait-list registry into a useful tool, adding that the data will be shared once it is validated.

Nova Scotia’s NDP are calling on Premier Tim Houston to immediately release statistics on how many people are looking for a family doctor. On Tuesday, the NDP introduced a bill that would require the health minister to make the number public every month.

“It is unacceptable for the list to be more than three months out of date,” NDP Leader Claudia Chender said Tuesday.

Chender said releasing this data regularly is vital so Nova Scotians can track the government’s progress on its main 2021 campaign promise: fixing health care.

The number of people in need of a family doctor has more than doubled between the 2021 summer election campaign and June 2024. Since September 2021 about 300 doctors have been added to the provincial health system, the Health Department said.

“We’ll know if Tim Houston is keeping his 2021 election promise to fix health care when Nova Scotians are attached to primary care,” Chender said.

This report by The Canadian Press was first published Sept. 11, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Health

Newfoundland and Labrador monitoring rise in whooping cough cases: medical officer

Published

 on

 

ST. JOHN’S, N.L. – Newfoundland and Labrador‘s chief medical officer is monitoring the rise of whooping cough infections across the province as cases of the highly contagious disease continue to grow across Canada.

Dr. Janice Fitzgerald says that so far this year, the province has recorded 230 confirmed cases of the vaccine-preventable respiratory tract infection, also known as pertussis.

Late last month, Quebec reported more than 11,000 cases during the same time period, while Ontario counted 470 cases, well above the five-year average of 98. In Quebec, the majority of patients are between the ages of 10 and 14.

Meanwhile, New Brunswick has declared a whooping cough outbreak across the province. A total of 141 cases were reported by last month, exceeding the five-year average of 34.

The disease can lead to severe complications among vulnerable populations including infants, who are at the highest risk of suffering from complications like pneumonia and seizures. Symptoms may start with a runny nose, mild fever and cough, then progress to severe coughing accompanied by a distinctive “whooping” sound during inhalation.

“The public, especially pregnant people and those in close contact with infants, are encouraged to be aware of symptoms related to pertussis and to ensure vaccinations are up to date,” Newfoundland and Labrador’s Health Department said in a statement.

Whooping cough can be treated with antibiotics, but vaccination is the most effective way to control the spread of the disease. As a result, the province has expanded immunization efforts this school year. While booster doses are already offered in Grade 9, the vaccine is now being offered to Grade 8 students as well.

Public health officials say whooping cough is a cyclical disease that increases every two to five or six years.

Meanwhile, New Brunswick’s acting chief medical officer of health expects the current case count to get worse before tapering off.

A rise in whooping cough cases has also been reported in the United States and elsewhere. The Pan American Health Organization issued an alert in July encouraging countries to ramp up their surveillance and vaccination coverage.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Health

Bizarre Sunlight Loophole Melts Belly Fat Fast!

Published

 on

Product Name: Bizarre Sunlight Loophole Melts Belly Fat Fast!

Click here to get Bizarre Sunlight Loophole Melts Belly Fat Fast! at discounted price while it’s still available…

 

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.

Bizarre Sunlight Loophole Melts Belly Fat Fast! is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.

(more…)

Continue Reading

Trending

Exit mobile version