It is already clear that the generally accepted model for development of this pandemic  (developed by Dr. Ferguson of UK) overestimated the extent of this corona virus pandemic.  That model was accepted by most governments and authorities and they have taken serious actions based on the assumed course of development of the pandemic described in the model.

One can argue that the fairly quick reaction by governments and the people reduced the extent, but that is a weak argument since people and finally governments would have eventually reacted to spread of the disease. So, we will never know for sure.

In other words, the end result could have been the same if we had let nature run its course and people reacted in real time as necessary.

And yes, I believe all of that to be true for economics events such as recessions as well as epidemics and pandemics.