Furthermore it’s pertinent to note that this lockdown has come during the holiday season, and if it continues to stay in place then Europe’s economy could be severely impacted, and therefore in my personal opinion it could take year’s before European economy completely recovers.
First, this is not the holiday season, the holiday season in Europe from the point of view of tourism income is the summer period, this has ended and even in normal times, we wouldn't see anything close to that till Christmas. Here in Europe, we don't give much x about Halowwn or Thanks Giving like the US.
Second, there is significative difference between the previous lockdowns, they are first not as severe as the first ones, as expecting restaurants and pubs most of the things are still opened, factories are having right now methods to keep them running with enough healthcare measures which were lacking totally before and more important than this the deaths are not that serious compared to the number of infections. Europe was caught totally unprepared by the first wave, everyone was like a headless chicken running around, at this point, there is no more panic like it was. Have you seen again battles for toilet papers in chain stores? Nope.
The tragic part is that yes, there will be deaths, there will be again an economic slowdown but people knew it, unless a vaccine was found and produced in months we all knew this could happen again, but it will not be as devastating as the first wave.
What is the worst-case scenarios that come in your mind when you read this news?.
The worst-case scenario for me at this point is not about lockdowns or business, the worst-case scenario is a mutation of the virus that would make it impossible for a complete vaccine and we're going to have to gamble as we do with the
Influenza Vaccine every year.