It’s a bad case of flu, with no flu shot to minimize the impact. Not the end of the world. If you panic each year over the “flu season”, feel free to panic now. If your response to flu season is to buy drugs to treat the effects of flu, and to stock up on chicken soup, now is the time to do so.
Since Chareidim are younger (since we have lots of children, Baruch ha-Shem) than the rest of the population, we are less affected. The hiloni Jews, who have few children, and therefore a high percentage of old people, are the ones who have to worry about dying off. Note that China, whose “one-child” policy resulted in a population with too many old people relative to children, is the center of the outbreak.
The major injuries will be economic policies caused by government efforts to keep the virus from spreading which are out of proportion to the damage the virus will cause.