Times Money Mentor executive editor Gemma Godfrey warned the leisure and retail industry would be hit hard by the coronavirus. While on TalkRadio with Mike Graham, she said both these industries will see many job losses and the leisure industry could expect sales to fall by as much as 85 percent. Despite this, she said there would be opportunities for new roles in other industries like the health care sector.

Ms Godfrey said: “Ultimately, whether lockdown gets lifted gently or smoothly, the economy is going to look different afterwards.

“It is going to be a bloodbath.

“What is interesting is it is going to be different for different sectors.

“I think we should all be aware of the ones that are more protected and the ones that are going to be impacted more.”

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Ms Godfrey claimed the leisure and retail industries would be hit hardest and feel it quickly.

She continued: “It is going to be a bloodbath for leisure and retail.

“They are estimating that sales are going to fall by 85 percent and three out of every four jobs may be lost

“In retail, there is a similar number of job loses but companies are moving online in terms of their sales.”

The economy expert explained that despite these difficult times for some industries, others would thrive and see boosts.

Ms Godfrey explained the UK would see more jobs and new jobs arrive in the health sector.

She said: “We are going to see more jobs created in the health care sector.

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“I think we are looking at 25 percent more jobs although demands going to go up by half.

“So again, people are going to be overstretched in that industry.

“Overall I think it is going to be a very tough time.”

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