By Jack Kelly
Today, the World Health Organization (WHO) officially called the coronavirus a worldwide pandemic. So, now’s the time to panic?
The WHO points out that the virus has spread across the world. New cases and deaths keep rising and efforts to contain the outbreak have not been sufficient. Global infections surged over 100,000 and the death toll is more than 4,000 people.
Tedros Adhanom Ghebreyesus, WHO’s director general said, “We have therefore made the assessment that #COVID19 can be characterized as a pandemic.” He added that “90% of the total cases globally are from four countries—which include China, South Korea and Italy, which just this week was forced to quarantine the entire nation.” The disease is threatening to overtake Europe and the United States.
“Pandemic is not a word to use lightly or carelessly,” said Ghebreyesus. “It is a word that, if misused, can cause unreasonable fear, or unjustified acceptance that the fight is over, leading to unnecessary suffering and death.”
Ghebreyesus reported, “Eighty-one countries have not reported any #COVID19 cases and 57 countries have reported 10 cases or less.”
He tried to be reassuring by emphasizing, “We cannot say this loudly enough, or clearly enough, or often enough: all countries can still change the course of this pandemic. The rule of the game is: Never give up.”
U.S. stocks plummeted after the pandemic call.