THE Covid-19 pandemic has hit the global economy badly and its impact is still unfolding. According to the WHO, as of March 18, the pandemic had spread to 164 countries and territories, with confirmed cases of over 194,000 and resulting in the death of over 7,800 people.With respect to the global economy, it is certain that there will be a recession. Economic activities are crippled in various sectors, particularly travel, tourism, oil sector and services. Supply chains have been disrupted, breaking production chains all over the world.