The hallmark of a capitalist economy is simply survival of the fittest, regardless of the situation. There is no such thing as a normal economy, it changes like life itself, a business this year might be gone next year depending on what it specialises in and demand dictates.
Business failure is just part of the process, sounds harsh, but hence the term "that's business".
Covid is just a blip or hurdle to make business adapt, could be this is the new normal and we are seeing the extinction level event for face to face companies that has been coming since the internet spawned. The measure of a countries economic output is its GDP, so if that is not changing much, business is coping or adapting enough. I provided the bankruptcy stats for 2019 a while back, was easy to see that the stats were down for 2020/21, why, a bad business loses more cash when its operating in harsh competition, than when its hibernating. The good businesses have "pivoted " to online and takeaway. Yeah general revenue is down across the board, but this ain't no depression, and when things do open up, people will spend their arses off. That's also why there has been no mass layoffs apart from aviation and tourism.