Wave 2 > wave 1 in terms of flooding hospitals.
I posted on some Fauci remarks earlier:
Can't come soon enough for some of these people being admitted to hospitals with severe symptoms (you don't get admitted to hospital will mild symptoms)
---
For the economy (US) ... a vaccine would mean US GDP would be back to pre-coronavirus levels by Q2/3 of 2021. GS means widespread availability of a vaccine though.