A LOT of people lost jobs, a lot of business will be bankrupt.
When things recover, a lot of people will be sinking money into late rent payments and credit card bills, not spending.
A lot of people cleared off their credit cards of anything not critical. Will I go back to the gym? Maybe. Will I turn back on Amazon Prime or half the other subscriptions I cancelled? Nope. Will I eat out as much now that I've had a month and a half of eating healthy at home. Probably not.