Losses. If the government isn't able to give a solution with regards to economic development, then expect a spiraling down economy for every country affected. Even those that have recovered would most likely experience the same effects. You can expect it to be slow, but surely we would still end up with the economy crashing in the end. With the current regulations set by the government, you could see that at most, they are just barely trying to keep the economy alive.
If the government could support the flow of the economy properly, then we could somehow survive for the year, but honestly, I have doubts about such things happening. They're probably instead trying to deal with the possible effects of the inflation, instead of trying to stop the inflation itself. Guess they kind of gave up?
Sometimes I wonder if economists are really the ones running the economy or politicians. By design, the economy shouldn't be politicized, but the reverse is now the case. Government most times runs the economy for selfish interests which most times leads to immediate gains and severe future consequences.