Generally, yes. What happened in New York could happen everywhere (Berlin, Paris, London, Tokyo, Beijing). But in practice the virus seems to have somewhat slowed down. With the notable exceptions of France and Spain the second wave so far seems to grow much slower. That might be due to more tests, but I think the effect is caused by a general change in behavior. We are also better prepared, both in the effectiveness of treatment and the diagnosis of severe cases. Also, if shift comes to shove, there are several experimental vaccines already. They might not be very efficient, but they should be comparatively safe by now. So all in all, I would say the worst could be behind us.