Without iota of doubt, the global businesses and international market are fast dwindling down as a result of the covid19 pandemic ravaging the world. Most countries now faces economic hardship most especially the developing countries and the populated countries. Countries like India, America, Nigeria, Pakistan have witnessed millions of workers loosing their jobs because the employees couldn't afford to pay their salary or wages.
Companies and Educational institutions could not afford to pay their staff therefore have to the principal officers and reduce the salaries if the junior staff. According to research, the rate of unemployment in the world has rises beyond 100 million.
Although, the WHO and other health Bodies should responded to this covid19 pandemic but they are yet to get the remedy to the deadly virus .
The economic Effect of the lockdown being melted on countries have to a long extent force companies to go into recession. One of such is the transport companies around the globe faces the economic backlash most. UAE, Qatar airways and other international airlines have loose billions of Dollars and are still loosing more has the countries remain under lockdown. With the situation on ground, it is not likely people will get back to work soon. Countries like India, Pakistan and America needs to thread softly because if they open the lockdown too soon, the spread of diseases may get out of hand.
The truth is will these countries wait for covid19 pandemic to vanish before reopening the country, it is left for people and analyst to answer.