Some people are no doubt literally panicking, but I don’t think that employing “reasonable” precautions (eye of the beholder, I know) such as distancing and PPE is panicking - especially if it’s being done by vulnerable people. I’d consider it, well, reasonable.
I’m sure other people can tell a similar tale. I live in a county with 220,000 people. About 120 cases. Over 60 have already been “cured” and are at home. Two deaths. Both elderly with pre-existing conditions (God test their souls). I’m just not seeing the end of the world.