In my experience, the velocity of change is much more impactful than the magnitude. Most systems, companies, species, can adjust to most changes if provided enough time.
Climate change on the scale of centuries is manageable. Climate change on the scale of years is much more problematic.
It’s the velocity, then, that has the more significant impact. If the change happens too fast to adapt, then you have issues.
The velocity of the economic impacts of the coronavirus are almost incomprehensible. It’s been so fast, there’s barely any real data available yet.