That remains to be seen. The consequences of current actions, while the current impact of the virus itself is basically nil, will be severe, including extra deaths (and lack of births, for that matter - didn't occur to me to count that but looking at demographic articles I realized it's also lives lost in the net), and massive waste of life-years due to economic disruption that will disproportionately affect the developing world, the poor and the young. Which one is worse, I don't know, but over the last few days my opinion is starting to change towards the latter being worse.