Coronavirus has brought the entire world to a standstill having far reaching consequences beyond the spread of the disease. It may cause the largest global recession in history with nearly half the world in a lockdown situation affecting various business sectors, stock markets, supplies, logistics, etc. Major economies such as US, EU, China and UK have been badly affected. The economic fallout could be prolonged beyond the period of the pandemic. The effort to rebuild economies would be at an enormous scale across the world.