This economy, if you want to call it that, is in a very, very bad way. Much worse than the first time around.
Government mismanagement is the main cause. They have let the pandemic get out of control and sadly are not putting the measures in placed to stop it. They keep putting incremental measures in, as opposed to a full scale stay at home order so as to stop the pandemic in its tracks. Anything less is a bandaid on a massive head wound.
Yes, that would cause more short term pain for businesses, but in the long run the country will be the better for it.
What's just stunning is the very same government did everything right the first time around and now faced with a much worse outbreak isn't taking its own advice this time.
Eventually they'll have no choice but to do what I mention above, but by then many more will be sick, many more will be dead and the economy will be in complete and total tatters.