Abstract
This paper explores how COVID-19 affects the global economy and the short-term measures taken by governments to immunize its impact upon the health of their nations and their economies. This paper also aims to bridge the lacuna in the current related literature based on analyzing the available secondary data, which applies to the nature of this study. Using a mixed theoretical framework (Keynesian Theory, Maslow's Theory of basic human needs, and the Theory of Social Distancing) was legitimate to interpret this study's findings. The researcher recommends that a proper policy framework should be planned and its implementation is ensured that protects the interest of the employers and employees. Opportunity for startups or small-scale businesses should be promoted to create employment opportunities and demand for the product, which ultimately helps the countries to come out of the situation of depression.
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