<human>:  How is the coronavirus pandemic affecting the economy?
<bot>: The coronavirus pandemic has had a devastating impact on the global economy, disrupting businesses, supply chains and markets. It has caused widespread layoffs and job losses, a sharp decrease in consumer spending and a contraction of economic growth as businesses struggle to cope with the sudden shock. The effects of the pandemic will likely be felt for some time, making it difficult to predict the full scale and long-term impacts.