Economy across the globe has taken a big nose dive since the pandemic. And the impact has been huge and definitely the recovery period would be quite long and not sure if we can think of that unless the fear of pandemic is really gone. Still countries across Globe are struggling with different waves at different times. Almost all sectors have been impacted but some like travel, tourism, airlines, hotels etc have been most adversely affected. Millions lost lives due to virus and they became direct victims. But more are indirect victims going through financial crisis and dying of starvation.
It's always good to have a back up plan or to have some extra savings for rainy days. Many people have used this as an opportunity to learn new skills and get fitted elsewhere. And definitely a lot of people are hunting for earning opportunities online.