Comments by French labour minister, Muriel Pénicaud

The talk by politicians and central bankers is that all of this carnage is "temporary". But the longer the current situation goes on, expect many companies - especially smaller enterprises and home businesses - to shut shop permanently instead.

Even if governments are paying companies to furlough their employees, that is arguably the least of the concerns for some business owners at the moment.

Depending on the changes in social behaviour once the outbreak starts to look more contained, some business models may not even be relevant anymore.