New viruses tend to be more virulent than old ones. And new viruses tend to get less virulent over time -- else they die out. Ebola's incubation, transmission, morbidity, and mortality are such that it burns itself out. The common cold's are such that... it's common. Covid-19's are such that it's causing massive economic damage even if the recoveries are V-shaped. Hopefully covid-19 will get less virulent soon though.
If you order the world to stop production or trade for an indefinite period, poverty and depression is the only possible result, no matter how healthy the production and trade were before being stopped
The economy had at least two noticeable and possibly systemic issues before Covid-19. The several yield curve inversions combined with funding problems in the repo market. We certainly hope for a V-shaped recovery but there is no telling what kind of issues have been attributed to the virus that may still be there when this passes.
The only way to really get the economy going again is to deal with the virus.