Many countries have instituted travel restrictions on people entering for tourism, work and other purposes.
The job market has suffered a hit from the spread of the infections and the lockdowns that some countries have put in place in major cities.
The business climate has been damaged by the uncertainty of the end to the disease and the size of the impact to people around the world.
Consumers and Businesses might delay purchases due to the uncertainty as well as the stress this disease is putting on society. The priorities will be rent or mortgage payments, food and healthcare rather than any examples of discretionary spending.
Health spending on insurance and out of pocket expenses will be a focus for individuals and businesses as companies will have to spend more on preventive measures.
Companies will have to understand how the pandemic affects their hiring plans so the loss in sales will be temporary but it will delay decisions on hiring for positions in multinationals.
With school closures, international students either had to find off-campus housing or return home. The schedule for schools to reopen for classes is uncertain so many schools have started online classes. Whether that impacts visas or the ability to stay in a country is still unclear though many governments are in the process of clarifying their policies.