Around 46 million jobs are at risk because of the recession in aviation industry caused by the deadly coronavirus pandemic, according to a report by the Air Transport Action Group.

Covid-19 effect: 46 million jobs at risk due to global air travel collapse

As odds of the global recession rises the government and central banks around the world are racing to restore the economic damage from the spread of the novel coronavirus. The death toll has already landed hard on the jittery financial markets. Watch report:

Global stocks plunge on coronavirus fears

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Covid-19 effect: 46 million jobs at risk due to global air travel collapse

Global stocks plunge on coronavirus fears