Following and even before the World Health Organization (WHO) formally declared Covid-19 as a pandemic, restrictive measures such as lockdowns have been declared all over the world in order to contain the contagion. As of May 13, over 4 million cases have been recorded with a death toll of over 294,487. The numbers are increasing with no end in sight. Covid-19 is an unparalleled, severe health and economic crisis. It is unique in nature because of two main things. Firstly, it is an amalgamation of a health pandemic, while bearing all the signs of an economic crisis. Secondly, its effects on both the demand and supply side of all economies, regardless of their nature are shocking.