The pandemic started with its epicenter in China in 2019 and has been continuously spreading across the globe, so far 216 countries and territories have been affected with COVID-19, the U.S. being on the top with cases reaching to about 4.38 million, followed by Brazil, India and then by many European countries such as Russia, Spain, Italy and others. The spread of Coronavirus has led to the global recession, many companies are being bound to take stringent actions of laying of their employees, small business are being shut, manufacturing facilities are being halted. There has been a disruption in supply chain of many industries due to restriction in logistics and shutdown of manufacturing facilities. In addition, the slowdown in economy has lowered the spending capability of individuals and people are saving money for emergencies.

Leave a Reply

Your email address will not be published. Required fields are marked *