Our world has encountered many pandemics already.
But this is far different from the past pandemics because now this is a worldwide and almost couple of countries only that did not become infected meaning this is very serious matter and look
we have more than half a million died. ~
That's surely a lot and regrettable, but please keep in mind that more than 6 million people died in 2017(when no COVID-19 was around) from respiratory diseases and lower respiratory infections, combined.
Source:
https://ourworldindata.org/grapher/annual-number-of-deaths-by-causeIt means that much more than half a million is needed to threaten the world economy.
I don't want to belittle the tragedy of the COVID-19 pandemic here. No. Of course it's horrible that so many people have died. I just want to say that in my opinion the economy will survive the corona crisis.
Of course, it will survive. Many infrastructures and different businesses have reopened, despite having this pandemic around, they have decided to get back their operation to at least start the recovery of the economy. But, we should keep in mind that as long as the number of infected people are increasing, the threat will always be there.