We have something to compare now.... Sweden, which has had a very lax COVID19 response... So, you'd think its economy did much better since they didn't have the massive shutdowns other countries did. But, according to this NYT article, Sweden paid a big price in human lives with little, if any, economic benefit. NYT article: In short, Sweden suffered a vastly higher death rate while failing to collect on the expected economic gains.
COVID19 never left us, we are still in those waves.... I'm afraid that in about a month when schools open there will be a bigger wave. If we don't maintain social distancing, washing hands, wearing masks, etc, this epidemic will be battering our shores, until a vaccine or a cure.