The impact of the coronavirus on travel and tourism, supply chains, and commodities is growing.

The Federal Reserve, Invest India, and the UN provides information about the negative impact of coronavirus on the global economy.

The Federal Reserve, Invest India, and the UN provides information about the negative impact of coronavirus on the global economy.Due to the coronavirus pandemic, many countries around the world have banned travel, shut down businesses, and have instructed their citizens to stay at home, negatively impacting the world economy.

The Federal Reserve of the U.S.A stated that the coronavirus has negatively impacted travel and tourism, and manufacturing activity in the U.S. Invest India- The National Investment Promotion and Facilitation Agency of India mentioned that the recent coronavirus outbreak has impacted the global supply chain. Lockdowns and quarantine in production sites around the world have led to a major import-export problem. The outbreak of the virus in China has hit manufacturing and export sectors and supply from China has decreased significantly. The most vulnerable companies are those which rely heavily or solely on factories in China for parts and materials.

The UN envisages a slowdown in the global economy to under 2% for this 2020, which will probably cost $1 trillion.

The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.