I'd actually expect the 300 suicides to be larger in number this time. As I've mentioned elsewhere, normally when someone loses their job, they have friends, family, and perhaps community (if they're in a church or the like) to support them. With a lockdown, people have much, much less of that now. You lose your job and go home to... nothing. Have a friend around to chat? Well, you can do that - but maybe old Mrs Busybody across the road calls the police on you, and your friend gets a $1,652 fine for leaving the house for something outside the Four Reasons (medical, food, exercise, work & education). That's going to be his last visit for a while, and knowing that your neighbours view you with suspicious hostility probably doesn't help your mood.
Now, quite obviously if we had just let things run their course, we'd have far more than 300 dead from the virus. But as always when talking to Americans, and increasingly to Australians whose minds are polluted by American culture, I have to explain the fallacy of the excluded middle -
https://en.wikipedia.org/wiki/False_dilemma"I'm against the death penalty."
"You want to let them all go?!"
"I'm in favour of the death penalty."
"You want to execute people for jaywalking?!"
In between the extremes of anarchic stupidity, as in the USA's approach, and fining people for sitting on a park bench eating a kebab, as in parts of Australia, there is a sensible middle ground. And somewhere in that middle ground we could minimise deaths and misery from the virus and from a lockdown, too.