Doesn't account for epidemic overshoot. The faster the ramp up the more it overshoots herd immunity. The more people sick at once the higher the fatality rate.

Doesn't account for epidemic overshoot. The faster the ramp up the more it overshoots herd immunity. The more people sick at once the higher the fatality rate. That said permant economic damage will be due to politcial policy choices not due to a two-three month lock down. Consequence of protecting the rentier class instead of businesses and people.