I mean, emotionally yes.
Financially, in all reality it would recover significantly faster given the demographic likely to be most impacted.
But I'm not saying go out and have covid-19 parties. I just don't see a complete shutdown of the economy being reasonable for this, especially if it's just for a couple weeks and ends up just pushing the peak of the curve into October instead of May.
No, not just emotionally.
Set aside the high risk and let's just talk 20-44 year olds.
Approx Can/US pop: 120 mil
Current 20-44 Hospitalization rate for Covid among 20-44 year olds: 15-20%
ICU rate: 2%
Fatality Rate :.1%
It's very deceiving because the fatality rate is about the same as the common flu. But you cannot overlook the ICU rate of 2%. That is WAY higher than the common flu. The hospitalization rate for the common flu is only around 1.5%...spread out over a whole season.
So let say that only 20% of people get the virus over the next month or so. (20% is approx how many on the Diamond Princess became infected)
That is still:
24 mil infected.
3.6 hospitalized
480,000 in ICU (US/Can have approx. 180,000 total ventilators)
24k dead.
BUT...that's IF the system is not overwhelmed and IF only 20% become infected. When the system became overwhelmed in Italy, the fatality rate for 30-44 year olds increased to .3%.
So here is the cold water. Italy has only had 60k cases. Imagine if the number of infected actually hit 20% as did on the princess. How overwhelmed would we be? Could it look like:
24 mil infected. (20% of 120 mil 20-44 year olds)
3.6 hospitalized (15% hospitalization rate)
480,000 in ICU (2% ICU rate - US/Can have approx. 180,000 total ventilators)
24k dead. (.1% fatality rate)
72k dead. (.3% fatality rate)
240k dead. (1% fatality rate)
1.2 mil dead. (5% fatality rate on est. 24 mil infected in next few months)
Again,
the numbers above are 20-44 year olds only. We don't know how infectious it really is, and we don't know how bad the fatality rate will get for 20-44 year olds in an overwhelmed state.
So, at what level is it acceptable loss? How much are we willing to gamble that it won't be more than a .1% fatality rate for low-risk adults when hospitals are completely overrun and staff are exhausted.
PS: I don't care if I am wrong so long as it's correct. If there is an error in my number please someone feel free to correct. Don't want to create panic, but this I think is what medical professionals are looking at and saying F%#k!