A Sydney (Aust) perspective. After thinking about your comment and talking to friends in different industries (retail, medical, finance, convention centre) over the past week, I have to reluctantly agree. Realistically, there is no vaccine for 12-18 months, if not much longer, so the only way to manage it is tracking and suppression until reduced to small and seasonal outbreaks. Unlikely it will be eradicated. The impact on economic activity in certain sectors has been like a light switch, and as time goes on, will impact most of the economy. Counter intuitively, I think (and hope) the lock downs will reduce the overall economic damage by shortening the duration of the threat. Speaking for my family and business, Without restrictions, the rate of transmission and infected would be at a level where there is fair chance that you and people you know would get it. And while only 2% die from it, assuming sufficient medical capacity, a lot get very sick at home and have a slow recovery with residual issues. Speaking for my family and employees, we would be in voluntary lock down in such a situation, and I suspect enough of the population would do the same, resulting in a similar (or worse) economic impact, but over a longer period. On the brighter side, we have very low infection rates here, and only about 40 intensive care beds in use, so we may get easing of restrictions in a month or two, but with sporting events, bars, conventions, and such gatherings closer to the end of the year. Oh, and our coffee shops are open for take away coffee, so there are still some small pleasures, along with a walk or run by the harbour each day. You know when you are running/cycling/insert activity here and you are exhausted, but you tell yourself not to give up and go a little further. Well, that's us all. We have to grind along and hope that the game of chance that is life, is going to give us an OK outcome. Finishing on a boating note, now that my kids are finishing school, and fuel is cheaper than water, I have started the unwise (economically) process of looking at boats for sale. Scrumpy Vixen No.4 is out there.