AKE's Special Report report assess the potential economic impact of the reaction to COVID-19. COVID-19, has reportedly infected 65,247 people. Of these 1,491 people have died and 10,604 others are in critical condition. 64,658 of those infected are in mainland China, with 26 other countries or territories having also reported cases. Nonetheless, it is overwhelmingly likely that the largest effect of the COVID-19 virus will not be its direct effect on health. Fear of the virus is resulting in state and individual action to reduce the risk of contagion. These actions will create economic impacts that will go well beyond the direct health implications of the outbreak. The report looks at three scenarios of the potential trajectory of the pandemic, varying from a baseline case, where the virus largely dies out by May 2020, to less likely but more destructive scenarios.