You are on the right track. I consider the trade off between damage to the economy and Coronavirus fatalities to be a Classic Triage.
Like it or not the time will come, most likely in weeks at the most, where we will have to make the choice of which of these priorities must take precedent. A tough decision. But inevitable.
If the decision is made to minimize damage to the economy it will be back to work and open the stores. To minimize or at least delay fatalities it will mean a continuation of the current social distancing measures.
Key word, minimize.
See my tagline.
Ruining the economy too much will certainly mean panic and more death.