It is of course at the end of the day a political choice whether the 'normal' or desired economic flow of things is a higher priority than an operational healtcare system able to cope and prioritise survival of as many covid infected and other ill people as possible.
There are U.S. states and whole countries having initally adopted your appereant preferred approach and seen what the consequences of that can be.
It also turns out that an individual country's priority choice in the end is moot given the globalised nature of the economy and supply chains.
Altogether we will see some of those effects in the price of $AVXL and a multitude of other risk assets.