Ever since COVID-19 was first identified in Wuhan, China in December 2019, it has gained a lot of popularity. Within a span of two months, it managed to travel across the globe and affected more than a million people, resulting in several deaths. The World Health Organization recently declared COVID-19 as a pandemic over the number of cases registered by country. However, there is a lot more to just people being infected by the disease. Apparently COVID-19 has managed to disrupt businesses all over the world causing world panic. In this paper, some global effects of the COVID-19 pandemic are identified and certain trends related to the same over the approximate time period of January 2020- March 2020 have been observed. The impacts of the COVID-19 outbreak on the global Gross Domestic Product (GDP), the travel and tourism industry and high tech product shipments have been analyzed. The study would assist the industries to prepare better for the global crisis and would assist them in contemplating specific scenarios in case of an epidemic or pandemic in the future.