The entire world is gearing for a war that has not been fought, on both, economical and political fronts. Will it be sustainable? How will this affect the financial sector? As governments across borders have tried to minimise the effects of COVID-19, not only in the health sector but also in other areas, this has become the ‘New Normal’. The virus has affected millions of jobs across borders and by extension, the production of the country. The purpose of study is to analyse the growing effects of the virus on the world economy. Through this paper we aim to cover the impact of the virus on three sectors of the economy- The Commodity, Banking, and Pharmaceutical sector. During this unprecedented time, the three sectors have gone through tremendous pressure to restructure the economic models. Furthermore, this paper will also delve into the fiscal policies in place to maintain the equilibrium. The growth specifically affects the financial sector as the availability of credit will be lesser to conduct businesses. Under these circumstances, conducting normal business would be arduous for these sectors due to disrupted supply chain of the pharmaceutical sector as well as the sudden trends in the crude oil-commodity markets as they are under tremendous pressure. This research paper aims to understand how the current scenario will further lead to an economic U or V Downturn. Using a cross-sectional study of the trends of various countries, this paper aims to understand the effects of viruses on the world economy vis a vis the three sectors chosen in our study. We will study trends of the global market to come to a conclusion of the long term effects and how far this will proliferate.

Keywords : COVID-19, Economic Downturn, Financial Sector, Pharmaceutical Sector, Commodity Market, Global Market, Disrupted Supply Chain.