If history is going to be a guide for how the Coronavirus can play out , skip the normal social and cyclical economic models that people were using to predict a recession. This pandemic event is nothing like we’ve seen in modern times.
A closer model would be the one time pandemic event in 1918 also known as the Spanish Flu. That seems to be a more appropriate model of how things can play out. We haven’t had any other major pandemic event since then.
The majority of the death from that was surprise surprise from a cytokine storm.
The killer wasn’t the first wave of that flu. The killer was the second wave that occurred in August that was a deadlier mutation of the first that affected those that weren’t infected by the first wave had not built immunity to the second mutated flu. Which begs the question , if this Coronavirus is bad now, what’s a mutated version going to look like.