No, it’s not going to be easy. Some things will be changed permanently.
[Update at noon]
Six things we’ve learned so far. The sixth is probably the most important. People are going to try to take advantage of this to do what they’ve always wanted to do.
“No, it’s not going to be easy. ”
I’m not so pessimistic, Usually when the economy tanks it’s either due to some obvious cause of high supply costs (like OPEC) or due to sustained government actions (as in the Great Depression). remove the cause and, as with a sudden increase and then drop in oil cost, the economy should bounce back quickly. The only thing that might lead to sustained economic damage would be damaging sustained government action.