Outside of the Larry Kudlows (wrong on every economic downtown for 25 years) and Stephen Moore types (who cheerled the derivatives disaster), most respected economists are not predicting a quick economic V shaped rebound.The is no way the Republicans will agree to a bill to extend the PUA $600 beyond the end of July, as continuing the PUA would basically guarantee a recession through the end of the year, as workers choose not to work.
An extension will not happen, and it happens to be a horrible idea anyway.
Most economists predict a significant share of the 34 million jobs lost will be permanent losses. For one example, Hertz just joined a long list of big name companies filing for bankruptcy. Corporations have shifted away from business travel, opting for video conferencing instead.
The USA is a consumer-led economy where the law of supply and demand prevails. An argument has been made the added UE is helping the demand from crashing further.
Personally, I think Congress should have stuck with the original idea of sending $1,500 checks per month thru the IRS for 3-6 months. It's a better system to get $$$ back into the economy.