The outbreak of the COVID-19 global pandemic is testing the economic environment of almost all branches of business. Already, a set of key market events have been cancelled or postponed due to the virus outbreak. And, the market turbulence has plunged the equity prices across sectors and large-cap businesses are somehow withstanding the economic shock.
Also, the travel and leisure industries have faced a plunge in demand. Even the retail foot traffic and service are witnessed by bar and restaurant operators as these are closed in many countries. And, manufacturers and retailers have been disruptions due to a slowdown in the international supply chains.