It would be stored there temporarily from where you can get rid of it permanently. All the data that is saved in the Folder would be moved to Trash ( How to Recover Emails from Trash?).Therefore, you should be aware of the consequences of this action. When we delete a folder in Outlook, it gets rid of the emails, attachments, and contacts that were saved in it.
What Happens When You Delete a Folder in Outlook? The following are some of the major situations why people choose to delete Outlook folders.