Of course we are in the second wave. the first wave was purely in China, and was already ending when the second wave started here in Italy, South Korea and Iran. Many other waves will follow. Have you seen the model developed by the Imperial College in London? This is not a stupid data-driven mathematical model (based on a theoretical formula and ignoring the real phenomena), this is a true epidemiological model, which predicts the necessity of a long alternance of lock-downs and openings:
https://www.imperial.ac.uk/media/im...-College-COVID19-NPI-modelling-16-03-2020.pdf
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However, also this model has an high uncertainty, as the authors write clearly, and the behaviour of this specific epidemic seems quite anomalous and difficult to predict even with the better epidemiological models.
Hence the question "
When do you think virus-related disruptions will end?" is actually very difficult to answer, we are yet in a field of almost pure speculation. I think that a reasonable model can be trusted only when it will demonstrate capable of predicting the complete up and down of both the first and the second wave, then we can thrust it for the following waves (hopefully smaller at each peak). What is particularly difficult to predict is the effect of each single distancing measure, and how they will interact.
Just an example: starting on the next Monday 4th May, Italy will re-open a number of production plants and factories. But not schools or kindergardens. In families where both parents work, they will need to have someone taking care of their children, and in many case it will be a job for the grandparents. This way, the elderly people, those most at risk for the virus, will be in strict contact with children, which are the most powerful symptom-less transmitters.
This will certainly cause a second wave of infections, but currently epidemiological models seems to show that this is not as bad as also reopening schools...