The global epidemic caused by the new coronavirus is one aspect of this crisis. Another serious aspect is the economy. The crisis has plunged the global economy into a catastrophe. The coronavirus has directly hit sectors such as retail, housing, education, entertainment, hotels and restaurants. This is called the beginning of the cataclysm. The retail sector was already under pressure from e-commerce sites. It is now in a crisis of existence in rich countries as issues like lockdown are now associated with it. In many cases, it may be seen that in the current situation, the closed shops may not reopen. This is a situation where one can only hope to return to normal life. It may not be possible to recover from the economic damage that has been done and is being done.