The article examines how COVID-19 impacts a small open economy like Turkey. By using a two-country model and a sectoral SIR model, the researchers found that a coordinated 39-day lockdown can minimize both economic losses and save lives. The economy suffers from both domestic and external shocks due to the pandemic, affecting exports and imports. The study suggests that early and global lockdown measures are crucial for mitigating the effects of the virus on the economy.