The stock market is a piss poor measure of economic health. Everyone knows this. The inflated stock prices are a result of the central banks pumping a shit ton of money into the economies of the world. Production is down all over the world while liquidity is at an all time high. There’s just way too much money chasing too few goods, services and assets.Tell the stock market that the economy is in tatters. Yes certain sectors imploded while others had tremendous growth. World markets are at an all time high. The rich, the smart and the innovators have prospered . Now other sectors are coming back ....some like a slow boat and others like a speed boat.
If you want to see how well countries that took early action fared.... just look at most of the Asian-Pacific world.
If you want to see an example where the central government took no action..... then look at the disaster called Brasil.
World economies and trade are so inter-reliant that even countries that took little action , like Sweden, have suffered as much economically as their neighbors who had placed restrictions.