The IFR of the coronavirus is likely below 1%, and it disproportionately impacts the very old. Many would continue going out and engaging in productive activity

The IFR of the coronavirus is likely below 1%, and it disproportionately impacts the very old. Many would continue going out and engaging in productive activity, albeit with perhaps more precautions, absent a lockdown. Looking at the available data, it's highly likely that herd immunity, and the decline in the number of deaths per day, would emerge very quickly, and then most people would carry on with their lives.