Life will change/resume whatever you want to call it, with time and knowledge. The two will go hand in hand. With more time comes more chances to study wuhan virus, more deaths to examine how it kills people. How does it interact with existing conditions etc. Are you more at risk if you are high blood pressure vs diabetes or whatever. More statistics to look at and hopefully make more accurate predictions, models, wags whatever you want to call them depending on which side of the fence your on. More time and knowledge to create a vaccine, that will likely be only partially effective.
With time and knowledge fear of the unknown will decrease.
For my family, life truly hasn't changed.....yet. If one of us wakes up with Wuhan flu tomorrow or the economy crashes, then yes our lives will change.