As of today, the number of people COVID-19 has infected, stand above 10,000,000. Out of these infected people, more than 5,550,000 people have successfully recovered. The number of deaths is decreasing which is undoubtedly good news, but this is just one side of the novel coronavirus. The impact that it has had on our physical and mental being. Other than worldwide lockdown and social distancing, the global economy has also suffered at the hands of this pandemic.
There's not even one country, whose economy has not been effected. A lot of people have even lost their jobs. The suffering of every industry varies as per the nature of the industry and its response and its flexibility to change its working methods during these troubling times. The 'work from home' strategy cannot be applied in every industry, and thus those left behind, are standing in the dark. One of these industries is travel and tourism, say, you can't work from home if you are a pilot or a captain.
Another example is that of brick-and-mortar businesses, who don't have an online infrastructure. Remember that not every society is urban or is blessed with the advantage of having a good Internet connection. Small vendors who used to sell on the streets have nowhere to go. We can also consider entertainment industries and recreational businesses in the impacted businesses list, as due to financial crises, not everybody can afford these luxuries. Numerous households are busy saving up, and they are spending carefully, because of the uncertain future.
Also See: Consumer Spending Under the Umbrella of COVID-19 #Infographic
Recently, the number of coronavirus cases have spiked down and people are now as hopeful as ever about going back to their normal lives. There's a ray of hope for some sort of businesses as well as the environment. But how long will it actually take for every country to recover from this unprecedented economic crisis? The statistics below will introduce you to the countries which have been affected the most, as well as the various side effects of COVID-19.
Infographic by: BestCasinoSites