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Pandemics are among the biggest potential black swans that could hit the globe, especially in the modern, highly globalized world of intensified travel and integration between countries. They can cause high morbidity and mortality as well as social, political and economic negative effects. The world has suffered from several notable pandemics, including the Black Death or Spanish flu. Now, the world is struggling with the outbreak of the new coronavirus that could turn out to be the new deadly pandemic.
