I guess world economy hasn't seen anything just yet, I mean you do realize that we are living basically the same life in the economical sense as ever right? There are people who got laid off and that is the only party that actually felt this crisis, aside from them there is really nothing visible that has changed if I am not wrong.
I think we will see the devastation of the corona virus on the global economy quickly. Many companies have suspended operations, many international flights have been canceled, many countries have closed the border.
When the normal activities of the world become stagnant, the economy will surely be adversely affected.
I think that if this epidemic lasts a few more months, it will definitely cause a world economic crisis and this will only make things worse.
Without a vaccine, we never feel safe and hope that countries with highly developed medicine such as the US, Germany, and France will soon find solutions to prevent this virus. I am not afraid of corona but if I don't have the money to sustain my life, I will definitely be tired.
Yes, if the vaccine does not appear soon we will witness the collapse of the world economy.
Many countries will have to close, many companies go bankrupt and many people lose their jobs.
If the vaccine didn't show up, I think the epidemic would be more devastating than the 2008 financial crisis.