China

WHO chief urges markets to be realistic

Summary

‘No time for complacency’: WHO chief urges Christmas caution Description video: Spending time with friends and family at Christmas is ‘not worth putting them or yourself at risk’, says Tedros Adhanom Ghebreyesus, head of the World Health Organization. People should consider […]

‘No time for complacency’: WHO chief urges Christmas caution

Description video:
Spending time with friends and family at Christmas is ‘not worth putting them or yourself at risk’, says Tedros Adhanom Ghebreyesus, head of the World Health Organization. People should consider not travelling during the next few months, and the WHO chief urged ‘extreme caution’ despite last week seeing the first decline in newly reported cases globally since September, saying these gains could easily be lost\n\nSubscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub\n\nSupport the Guardian ► https://support.theguardian.com/contribute\n\nToday in Focus podcast ► https://www.theguardian.com/news/series/todayinfocus\n\nThe Guardian YouTube network:\n\nThe Guardian ► http://www.youtube.com/theguardian\nGuardian Football ► http://is.gd/guardianfootball\nGuardian Sport ► http://bit.ly/GDNsport\nGuardian Culture ► http://is.gd/guardianculture

WHO chief urges markets to be realistic

In the situation with the coronavirus, global markets should calm down and try to see reality

The World Health Organization CEO said Sunday the market panic over the rapidly spreading new coronavirus is in vain as governments around the world rush to contain its spread..

«Global Markets… should calm down and try to see reality, Tedros Adanom Ghebreyesus told CNBC during a panel discussion at the King Salman Humanitarian Center International Humanitarian Forum in Riyadh. – We must continue to be rational. Irrationality doesn’t help. We need to deal with the facts».

Global stocks have had their worst week since the 2008 financial crisis. The Dow Jones fell as much as 3,500 points in a week, more than 12%, the largest weekly loss on record and the largest percentage drop in 12 years.

A deadly virus that originated in China has spread to more than 60 countries and killed at least 2,943 people. More than 85,000 people have been infected.

WHO chief urges markets to be realistic

But public outcry must now focus on facts, not fear, Gebreyesus emphasized..

«We need to delve into numbers, we need to delve into facts and do the right thing, not panic. Panic and fear are the worst», – said the head of WHO.

Yet rapid spread, if not properly contained, could lead the world to a global pandemic.

«Based on the facts on the ground, containment is possible, ”said Gebreyesus. “But the window of opportunity for containing it is narrowing. Therefore, together we need to prepare for a pandemic».

«We are defending ourselves. But at the same time, we cannot be sure. This situation can change direction and get worse. This is why we prepare for the worst», – he added.