Obviously, it would be great if it happens that way. I think it has already unraveled far too much to come back quickly - will take years.
Interesting take given your tagline...
If you haven't noticed, people WANT to get back to work. Industries WANT to get back to making money. Infrastructure hasn't been blown to pieces, as in WWII. Once there is faith in HCQ or remdesivir or anything else as a treatment or vaccine, the assembly lines and supply chains will be back to speed within days/weeks, not months/years. The ONLY real hurdle, aside from the new flu fears, is the backlog in the supply chain that has to be cleared out. Like a traffic jam, once the blockage is gone, it isn't cleared immediately, but it doesn't take long.
I disagree. We have lost about 6 -8 weeks of production in maybe 30% of the economy. Everyone else is either essential or can work from home. So for the purpose of estimating, lets say 10 weeks lost, which is 20% of a year.
So the total loss is 20% x 30%, which is only 6% of 2020. I agree this is bad, but it is not devastating.
AND, it doesn't come anywhere near great depression levels.
Next look up the phrase "Creative Destruction" as it applies to capitalism. Weak companies are going to be killed off and stronger ones will replace them. In a couple of years this will be a minor bump in the road.