The International Monetary Fund in 2019 predicted a moderate global growth of 3.4 percent for the year 2020. But then, for the third time in three decades, a zoonotic coronavirus has crossed species to infect human population; this virus was first identified in Wuhan, China, in persons that went to a seafood or wet market (Perlman, 2020). Due to fear and uncertainty, global stock markets erased about US$6 trillion in wealth in one week from 24th to 26th of February. As in the events of 2007 and 2008 the initial perception was that Covid-19 would be localized, in this case to China only.