Keep in mind Italy is already on the other side of the curve, it took like a month and thousands of deaths. They've been the worst case scenario so far, so it's really up to as a society to learn from other countries' mistakes and make the right decisions.
New York is completely out of control.
With that being said, if Majors need to hold in there in order to get federal aid....by the time that happens, situation could've changed completely. Will the economy be destroyed at that point? that I don't know.