Sharp declines in GDP normally destroy long-term growth
It is well known why sharp declines in GDP destroy long-term growth: They lead to a loss of productive and human capital; They create uncertainty, which can discourage investment, R&D and employment. This argument is normally used to justify powerful countercyclical policies. But it can now be used to justify health policies (health pass, vaccination incentives, etc.) that avoid lockdowns and the resulting loss of GDP.