Out economy is on its knees with a 1% death rate. And 80% of those over age 60 and many sick already
1. There is a debate going on about how to properly calculate the mortality rate while the epidemic/pandemic is still under way. One way is to divide number of deaths by the number of confirmed cases. The other way is to to divide number of deaths by the number of recovered cases. Based on the approach, you may come up with the death rate as high as 10%.
2. When you say "our economy", I am guessing you are referring to the USA. The USA population is about 330 million. Even if the death rate is as low as 1%, it may result into close to 2 million deaths, assuming that half of the population get infected.
3. The observation that COVID-19 is more deadly for old and sick than it is for young and healthy is not much of a pacifying factor. Two million dead people are still two million dead people. That's more that the number of people that USA has lost in combat in all the wars in which it fought since 1775. That includes Revolutionary War, Civil War, World War 1, World War 2, Vietnam War, and Korean War, and 78 other armed conflicts (yes, there have been that many).
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