UN labor body has predicted a wipeout of 6.7% of working hours globally, equivalent to 195 million job losses. Over a million people have already lost their job in the USA alone, and the number continues to grow. Several experts and statistics had been indicating an impending economic slowdown from as early as February 2020. However, what is worst is that until the resolution of COVID-19 is identified and made popularly available, experts cannot even start to predict the extent, length, and depth of the recession that we are already in. Speaking on a very generic term, we can say that the asset market as a whole has crashed. TimesJobs’ survey named “Coronavirus & its impact on Jobs” suggests that: * 63% of people indicate that their work has undergone a significant change due to COVID-19 and the lockdown. * 33% of people mentioned that they had to put a hold on their business travel plans. * Among the worst-hit industries are the travel and tourism sector, along with sev...
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