Depends how long countries stay in lockdown for... longer lockdown means more money needs to be printed or borrowed, and thus inflation will rise.
The US might come out of lockdown soon (they probably shouldnt) but they might end up back in lockdown again and with a worse problem and needing to print more money. It might not end well
I'm also very afraid the pandemics will return. Markets are expecting a V-shape or U-shape crisis. But it may be W or WW-shape, or L-shape, with new and new lockdowns.