Without an effective, widely available vaccine and global immunization program, a repeat occurrence would be massively disruptive.
For one thing, it would dramatically shorten the horizon for making long-term investment decisions. Any service business where face-to-face contact with customers is involved would be heavily impacted. Whole segments of the economy involving close contact between individuals such as healthcare, fitness, or grooming, as well as those that involve assembling large numbers of people in the same place, are already experiencing disruption. Some may not survive, at least not in their present form. With global supply chains and worldwide travel now baked into the economy, regional solutions may not be sufficient or even possible.
Getting through the coronavirus crisis will be a test of national character as much as of technology.