On one hand, the infections and lethalities seem to be in line with what the Chinese scientists were telling us in January. One the other hand, we still don’t know the long-term scarring effects are going to be. So you are correct.
There was one analyst on CBC who also stated that Covid-19 just might be one of these flus that hangs around for a very, very long time. It mutates enough to stay ahead of vaccine development — and we’ll just have to live with its enhanced infectivity and lethality. Shutting down the economy like we did will never eradicate it.