The COVID-19 also referred to as the Coronavirus is responsible for the current pandemic that was initially reported in Wuhan China in December 2019. Since then COVID-19 has spread all over the world with over 5 million infected and more than 300,000 people dead so far.

While COVID-19 is new, its impact has been felt in the health sector and beyond. The pandemic has devastated and disrupted economies globally in such a short time. It has been reported by the Congressional Research Services of the United States Congress that over the five-week period from mid-March to late-April 2020, more than 30 million Americans filed for unemployment insurance, raising the prospect of a deep economic recession and a significant increase in the unemployment rate with preliminary data for the first quarter of 2020 indicating that the U.S. GDP fell by 4.8% at an annual rate, the largest quarterly decline in GDP since the fourth quarter of 2008 during the global financial crisis when the U.S. economy contracted by 8.4%.

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