The economic impact is the reason all our western leaders are doing the same. Let the virus spread, test the minimum possible, increase hospital beds, enforce quarentine on high peaks, relaxing controls, peak again... millions are going to die for that decision, specially in third world countries
IMHO time would be better than economy cuz time could have been less deaths and more cure resources. However, now that our leaders choose economy hopefully it would imply a solid growth in the next 12 months
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Plus we need to take care of ourselves and our love ones really well cuz our hospital are going to be full capacity for the next few months