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The economic consequences will be serious. In early March, the Washington-based Brookings Institution presented a model of scenarios that takes into account all shocks to the global economy. The model is based on a model of a hypothetical influenza epidemic with high mortality, which was created back in 2006. Other forecasters used models of the global economy that take into account mainly trade and financial flows between countries and international production chains (such as the production of iPhones, which are actually a joint US-Chinese product).
the epidemic itself and the fight against it outside China are just beginning. For this reason, it is still impossible to accurately predict their scale, but it is already clear that the kuwait number data consequences will be severe. Thus, scientists consider the mild variant to be the least likely scenario: the epidemic will be quickly defeated, the main damage will be suffered (or has already been suffered) by China, and recovery will take only a few months. And the most likely development of events is the medium-severity variant: many countries will experience what China went through, but at a high price it will be possible to stop the spread of the virus. The global economy as a whole will resume growth rates by mid-2020, and a global recession is unlikely.

However, the greatest fear is that the worst — catastrophic — options are actually being considered today, including those in which there will be millions of victims in major countries and the global economy will go into a deep recession.