Question

provide literature review for the impact of covid 19 on the following countries - Australia, New Zealand and Fiji , using income \ wealth being heavily affected not just the health, impact on these economies foreign exchange.

Answer 1

Impact of covid 19 in Newzealand -

In early 2020,during the COVID-19 pandemic, Newzealand implemented graduated ,risk-informed national COVID-19 suppression measures aimed at disesase elimination.

Probable cases of COVID-19 and all patients tested for severe acute respiratory syndrome coronavirus in newzealand from Feb 2 to May 13,2020,after which time community transmission ceased.

Demographic features and disease outcomes ,transmission patterns,outbreaks,household transmission,time to event intervals and testing coverage were described over five phases of response, capturing different levels of non-pharmaceutical interventions.

1503 cases were detectd over the study period, including 95(6.3%) hospital admissions and 22(1.5%) COVID-19 deaths.

The first case of the disease in Newzealand was reported on 28 February 2020.As of 29 October 2020,the country has had a total of 1,949 cases (1,593 confirmed and 356 probable),of which 70 are currently active,and 25 people have died from the virus,with cases recorded in all twenty district health board areas.

All borders and entry ports of Newzealand were closed to all nom- residents on 19 March 2020,with returning citizens and residents being required to self-isolate.

Economic impact-

In aprail 2020,the Newzealand Treasury projected that the country could experience an unemployment rate of 13.5% if the country remained in lockdown for four weeks,with a range of between 17.5% and 26 % if the lockdown was extended.The unemployment rate was at 4.3%.

Finance minister vowed that government would keep the unemployment rate below 10%.In the second quarter of 2020 , unemployment fell 0.2 % points to 4 %.

National GDP contracted 1.6% in the first quarter of 2020.This country offically entered a recession in September after Statistics New Zealand reported a GDP contraction of 12.2% in second quarter of 2020.

They lead by a 47.4% contraction in accommodation and food and beverage services,a 38.7% contraction in transport ,postal and warehousing.

Impact on COVID-19 in Australia-

Australia is a liberal democracy using a Westminster form of government.It has thus far been among the more successful developed states in the world,jn slowing the spread of the coronavirus disease (COVID-19).

There is no single explanation,but the combination of its stable political system, national wealth and geography isolation may be among the contributing factors.

About 16% of the Australian population is in the epidemiologically most at risk 65+ age group and 18.7 % is the least at risk 0-15 year age group.A total of 30.30 % of the national infections rate was among people who were 60 years of age or more.

At the time,27 may 2020 ,90 of Australian 93 deaths occurred in this age.

COVID-19 effect has offered across social groups.people who were already poor , unemployed,with high leveks of existing debt, suffering homelessness ,or facing existing difficult with acess to health and social services,and further marginalised by increased vulnerability to both physical and mental illiness.

At the commonwealth level,the government and opposition gave co-operated on short term social and economic social measures.The post-coronovirus recovery us resurrecting previous ideological debate over taxation and employment relations policy.

Unemployment us estimated to peak at 10 %in 2020 and gradually reduce to around 6 percent over the next 2 years.

Impact on COVID-19 in Fiji-

The first cases of the disease in Fiji was reported on 19 March 2020. As of 8 September 2020 , the country has had a total of 33 cases from the Islands.

On 18 March ,the Reserve Bank of Fiji reduced it's overnight policy rate and predicted the domestic country to fall into a recession after the decades of economic growth.