Winter of economic recession is coming Almost two weeks ago the United Nations (UN) secretary general warned that a global recession, perhaps of a record dimension was a near certainty. Needless to say, global economy is facing a worst crisis in the recent times. As the epicenter of corona virus leaves China, from where it originated, it starts to cause lockdown and panic across the Europe and has reached to the American landscape in a short span of time. Now, the pandemic has stretched its tentacles across the world; and certainly, many states have surrendered to the scourge. Subsequently, the global economy has experienced a new recession; global domestic product has shrunken implicating other economic indicators around the globe. Industries have been locked down in order to contain the contagion: consequently, production has hit a new low.The contraction of domestic product and disruption of financial activities around the world is setting in a new winter of economic re...