HOW COVID-19 IS AFFECTING TODAY’S ECONOMY Towards the mid of March 2020, WHO (World Health Organization) characterized coronavirus as a global pandemic, pointing to approximately 3 million infections and 208,000 deaths in around 200 territories and countries. Other than becoming a health crisis, covid-19 has also greatly affected the world economy. People across the world have already experienced significant economic effects due to business closure, loss of lives, the fall of the tourism industry, trade disruptions as well as reduced productivity. However, covid-19 has acted as a “wake up” call for all leaders to increase or strengthen cooperation on pandemic and disaster preparedness and to provide adequate finance for global collective actions. In the previous decades, ample information was always