I think this is going to be worst than the Great Depression for a few reasons:
1.) A recession was coming anyway- I was worried in Fall 2019 that we would be entering one- as they are often cyclical and come every 8-10 years. Covid-19's emergence has resulted in compounding economic effects.
2.) For the average Westerner, there wasn't a full recovery from the Great Recession or Global Financial Crisis. This is further divide along racial, gender, and class lines. E.G. the average African American family lost half their wealth during this crisis and most never recovered. Thanks Obama!
3.) The mechanisms by which the Fed, White House, European Central Bank, Exchequer, etc. - basically any institution deals with monetary and financial policy have been exhausted. They've pushed all the levers and pulled out all the stops. I guess it'll be Quantitative Easing ad infinitum and negative interest rates?
4.) Overarching systemic trends are converging and diverging at an accelerating clip (What's the magic phrase, audience? Faster Than Expected!). Automation and A.I., globalization and conglomeration, etc. are destroying the wealth and safety net of ordinary citizens who are competing for fewer and fewer jobs that pay less and less.
5.) Covid-19 has affected almost all sectors of the economy contra 2008 where the contagion started in real estate and banking. There is some definite hysteresis baked into the system with negative feedback (simple example: people lose their jobs, don't have money to buy goods, which leads to businesses firing or closing down, which leads to people losing their jobs which leads to...)