Its the reaction of the authorities that is absolutely unprecedented. Its as if they want to provoke a economical and financial crash world wide.
May be because it was coming soon anyway, and now they can blame it all on the virus.
There wont be a vaccine any time soon, it takes 6-8 month to develope that. In addition, viruses tend to mutate sometimes, which can render a vaccine useless.
But thats no different to flue waves of the past. I remember winters, when half the population fell ill with flue. Everywhere you went there was staff shortages because people had to stay at home in bed. Even the doctors couldn't handle it anymore. And I bet thousands of people died then just in Germany. But there was never such a hype about it like now, they just said "Stay in bed and wait until its gone." Nobody was quarantined and stuff like that, or factories closed or travel stopped.
This time is really weird. Did you see whats going on at the stock markets world wide? Indexes free falling almost everywhere, 3 or 4, even 5% a day! It looks much like 1929, the start of the great depression period. Not good at all.