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.
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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-cause
It 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.
The fact that the number of "Daily Case" is increasing doesn't mean that we actually have more cases now than, say, in April. Rather, it means that more people are tested today than back then.
What would be really intimidating is if the number of "Daily Deaths" would be rising. But that's not what's happening:
The number of "Deaths per Day" has never reached a new high since middle April, and that's a good sign.