I personally don't feel that a situation like the pandemic will likely occur.
The virus has definitely become a serious issue in China and they should consider starting a lockdown.
But to be honest, I don't think it will become a major issue in other countries.
I beg to differ with your point here as the Indian stock market has been in red. I don't think that it is all about correction as they NIFTY today went down by more that 4%.
The cases are increasing and the government is still in the phase wherein they are hiding all information related to the virus.
I only know one thing that this virus will kill those who have less immunity. For example it target kids below 15 years and old who are above 65 years.
Don't wait for the WHO or the government to respond to this issue as they did the same thing when COVID-19 came here.