The viral outbreak is certainly going to be a setback for the China economy. Analysts are already anticipating the next quarter GDP to take a hit. However, China being China might be able to sugar-coat it somehow.
China is the factory of the world. Hence, any slowdown in productivity and business activities will certainly have impact on other countries. Just take Apple for example. Much of their phone parts are mafe in China. Thus, the supply chain is going to take a hit if China is unable to keep up with the demand.
At the individual level, we not only have to fear contracting the virus, we also have to worry about the economic slowdown which may affect our company's business and as a result our pay/bonuses.
I think there are many things that can happen. The real impact can only be estimated when this whole outbreak is over. Hope that day comes sooner rather than later.
Thank you @culgin for such a brilliant comment
You nailed it buddy! And I must tell you - I'm bloody scared.
Difficult times ahead of all of us,
Yours, Piotr