Financial Contagion and Coronavirus Contagion

The contagion (Infection) means the negative or unfavorable transfer of the state from the injured to the healthy through direct and indirect contact by multiple channels.

Some persons think that the contagion is mainly confined to the health aspect only, and this is due to the fact that the infection is coming from the epidemic as now for the Coronavirus.

As a result of contagion and the rapid spread of the phenomenon, there is a state of panic and terror, as it is happening in the world these days.

However, the term contagion has been used in other fields, especially in the field of economic and financial crises on a large scale, and that is because the matter is related to symptoms and reasons that indicate the transmission of the negative phenomenon (crisis) from an economy that was afflicted with it to another that was healthy before contagion and this matter spreads to other healthy people completely As it happens today in the world.

The remarkable thing now is that the contagion of the Coronavirus in this year (2020) was severed health in various societies at the international level and created many economic and financial crises that also spread in the way of contagion between these societies. Thus, it means that there is a correlation between the healthy contagion of the Coronavirus and the financial contagion of the economies.

Consequently, specialists, concerned, and even the general intellectuals begin to present various (social, political, economic …., etc.) perspectives and scenarios. Views are sometimes close and sometimes different because there are estimations and interpretations, some of these views are negative, and some are positive (optimism and pessimism ).

Therefore, we see that many of the researches, studies, and analyses issued by specialized centers have already started on the subject of the current crisis with its health and economic aspects from the standpoint of the international reality that the world of today and what will be in the future.

Finally, we think that the situation is not comfortable, but what is certain is the life will continue because its basics resources and expert skills and knowledge are available. These events will later be a documented history. We do not see it going to go on, as the world has been through from the games and wars that took years and then ended and became history.