Introduction: Coronavirus disease (COVID-19) is an infectious disease caused by a coronavirus. The spread of COVID-19 could be controlled through social distancing which has resulted in the shutdown of financial markets, business, corporate offices, transports across the countries, and other activities. Many experts on economic and financial matters have warned about the worsening condition of global economic and financial structure. Covid-19 is harming the global economy because the world has been experiencing the most difficult economic situation. The aim of the present study is to assess the impact of pandemic COVID-19 on the global economy. Materials and Methods: The study was conducted with a study population of 136 subjects. A self-administered questionnaire was distributed to the study population through online survey links and the data were collected, tabulated, and statistically analyzed using SPSS software. Result: The results revealed that 93.33 percent of the study participants were aware of the impact of pandemic COVID-19 on the global economy. Conclusion: The impact of pandemic COVID-19 led to the fatal global recession.