Per the CDC: "Overall, an estimated 299,028 excess deaths have occurred in the United States from late January through October 3, 2020, with two thirds of these attributed to COVID-19. The largest percentage increases were seen among adults aged 25–44 years and among Hispanic or Latino (Hispanic) persons."
https://www.cdc.gov/mmwr/volumes/69/wr/mm6942e2.htm
I would argue that "adults aged 25–44 years" are a pretty integral component of the economy and more of them dying than normal is not great.
The economy is not the only thing that matters, and if children can have their grandparents for another 5-10 years, then that's massively important to them, while being irrelevant to GDP.
Full disclosure: Both my mother and my wife's parents are in the age group that is super vulnerable to Covid, and I'd like my daughter to remember them.