Since this is worldwide, we may expect a bigger worldwide economic depression than the infamous early 20th century one.
Hopefully they learned something about "fixing it" last time.
Two days ago I stopped in at four different grocery chain stores in three different cities. It is a very eerie feeling to see every store completely void of toilet paper and other paper products. Also, the empty shelves of canned vegetables was scary. I joked to my wife that the only vegetables left were the ones packed in China.
The retailers must be loving this but the rebound when people do not need groceries for a month will cause some depression on the other side as well.
On the flip side I bought gas for the vehicle at 80.6 cents per litre. I haven't seen that price for 10-15 years.