Coronavirus Disease (COVID-19) is a human tragedy and is unfolding daily with significant impact on the economy and business. World Health Organization (WHO) COVID-19 Dashboard shows that globally, as of 2:15 pm CEST, 26 September 2020, there have been 32,429,965 confirmed cases of COVID-19, including 985,823 deaths. In a joint statement by WHO, UN, UNICEF, UNDP, UNESCO, UNAIDS, ITU, UN Global Pulse, and IFRC on 23 September 2020 remarks that COVID-19 is the first pandemic in history in which technology and social media are being used on a massive scale to keep people safe, informed, productive and connected. Countries across the globe engage in developing national action plans to develop solutions to prevent the spread of this pandemic among the community. The pandemic continues to create uncertainty and anxiety in every aspect of human life including businesses. A World Bank feature story published on June 8, 2020 remarks that "e;the COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near standstill as countries imposed tight restrictions on movement to halt the spread of the virus."e; According to this feature story, the pandemic is expected to plunge most countries into recession in 2020, with per capita income contracting n the largest fraction of countries globally since 1870. According to the World Bank prediction: "e;Every region is subject to substantial growth downgrades. East Asia and the Pacific will grow by a scant 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa by 2.8%, Middle East and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%. These downturns are expected to reverse years of progress toward development goals and tip tens of millions of people back into extreme poverty.
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