Economic implications of coronavirus

Abstract

The world is grappling with unexpected and unknown financial crises by a deadly Coronavirus. Everyday news is coming up with a further spread of Coronavirus with more number of deaths and infections, nearly 190 countries and territories have reported Coronavirus cases. Adverse effects of this lethal virus have been experiencing in developed and developing economies equally. Travel and tourism, hospitality, food and beverage sector, and stock market are severely impacted. The article attempts an in-depth analysis of how the disease is affecting transport, hospitality, food and beverage, and the stock market.