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All government services will start going to shit. You will not notice immediate effects of this, but roads will be worse, food and drugs will become unsafe as the already inadequate monitoring becomes no monitoring, etc. It just won't all happen overnight and everything will slowly get more dangerous and shinier as all government oversight is destroyed.
Even more indirectly, data products that companies use for deciding investments will become increasingly unreliable. This will increase uncertainty and risk in any corporate investment and lead to decreased corporate spending and an eventual economic contraction.
More immediately, a large number of the people fired this week and last week work in rural areas and the sudden loss of so many jobs in those areas will lead to significant local recessions as the federal money being added to the economy through paychecks disappears overnight.
This is a pretty good answer. I hope that the judicial branch (not just the top) will reverse many of these decisions, as DOGE really does not have the authority to remove things that Congress voted on....and hopefully Congress will reinstate some of the very important things when they inevitably have to do budget again.