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Current methods of assessing market and portfolio risk focus on short-term risk and cannot account for long-term dynamics of market risk and personal risk. This paper uses additional factors to extend current methods for long-term risks.

We study the impact of the coronavirus induced economic shocks and possible recovery scenarios using an agent-based model. We show that depending on the shock parameters(amplitude and duration), the economy can show V-shaped, U-shaped and L-shaped recoveries.