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Throughout the world history, humanity has been plagued by varieties of virus and bacteria, at catastrophic levels, which claimed millions of lives at different point in time, and such pandemics include, Antonine Plague 5 million deaths, Black Death 200 million, smallpox 56 million, polio over 6 thousand, HIV-Aids 36 Million, Severe Acute Respiratory Syndrome (SARS) 774, Spanish flu 25-50 Million and currently, Coronavirus 110 thousand and still counting (Slawson, 2020). Many believed corona virus is traceable to bats, snakes and pangolin from a wild animal market in Wuhan, (Huanan South China Seafood Market) China, suggesting a possible zoonotic origin (Read et al., 2020). An increasing number of cases seems to have resulted from human-to-human transmission, and aided by widespread commerce and services across 210 countries as at 12 April, 2020 and territories around the world and two international conveyance the Diamond Princess cruise ship, harbored in Yokohama, Japan and the Holland America's MS Zaandam cruise ship, (Munster et al., 2020).

Covid-19 Economic Turbulence and Governments StimulusPackage: A Quest for Survival as Global Recession Looms in the 1st Quarter of 2020 IntroductionMany countries in the first quarter (Q1) of 2020 witnessed the unrolling of emergency plans to save their economies as a result of the Coronavirus pandemic. Coronavirus popularly known as COVID-19 just like the global financial crisis has wrecked markets globally (Martyr & Mukhopadhyay, 2020). Relative to previous comparable occurrences, such as the 2003 SARS epidemic, economies worldwide have largely become more interconnected with China playing bigger role in global output and commodity markets. As seen in OECD interim assessment, prior to COVID-19 Pandemic, economic activities and financial conditions had begun to improve steadily despite the existing trade tensions among some countries. Until the COVID-19 hit, even though weak, Growth was stabilising. Movement restrictions of people, as well goods and services, and other containment methods such as temporary factory shut down have cut manufacturing and domestic demands sharply worldwide. The global impact has lowered the confidence and growth of the services and manufacturing sector through business and leisure (tourism) travel, supply chains and commodity markets. Consequently, it has been projected that this year (2020) annual global GDP growth will drop to 2.4%, compared to the weak 2.9% in 2019 (OECD, 2020).The world is witnessing an economic maelstrom that may well be bigger than the financial crisis of 2008, In Europe, a robust and co-ordinated fiscal response is developed by leaders to shield businesses and households from the anticipated impact of the pandemic (FT reporters, 2020). The COVID-19 outbreak as witnessed has caused substantial suffering to people as well as significant economic disruption. Globally, countries are feeling China's output contractions in