Coronavirus crisis primarily seemed as just a threat to public health, but it has gradually turned into a threat to global economy. While exact specification of economic damage caused by this epidemic is not possible, there is a consensus among economists that the epidemic will have a severe negative impact on the global economy. OECD has warned that some of the world’ s major economies will face recession in the coming months, and the economic damage of COVID-19 will take years to repair. According to some economists, this will be more severe than 2008 global crisis, and even if there won’ t be a global recession, some of the leading economies will either have zero or negative growth. Thus not only growth rates are going to be low, but also it will be a time-consuming process to improve economic growth in the future. This article aimed to overview of the impacts of the COVID-19 epidemic on the global economy, especially the world’ s major economies and countries most affected by the crisis, and to review some general probable scenarios for development and also the way this epidemic will affect global society and economy. The next step was examining the effects of the epidemic on important sectors of the global economy, such as financial markets, labor market, energy market and the tourism industry based on published statistics and data from world-renowned sources on the current state of the epidemic. In the final step, in order to identify the different economic solutions for managing the effects of this crisis, we briefly reviewed the economic policies of different countries facing the COVID-19 epidemic.