Lawrence Summers, an American economist and US secretary of the treasury under Bill Clinton, told the BBC today that central banks will become "less relevant" as interest rates lower in the face of Covid-19.
Mr Summers is currently working as an adviser to US presidential candidate and former vice president Joe Biden.
He told Radio 4 that there was "huge opportunity" for those with "an agenda around infrastructure", noting that "fiscal policies [will] be more important in supporting economic expansion".
It's been no secret that the world economy has taken something of a hit in the face of the coronavirus pandemic, which was described as a "devastating blow" by World Bank president David Malpass.
Mr Malpass warned that some 60 million people could end up in "extreme poverty" in the months and years following the pandemic, a state of living where individuals live on less than £1.55 a day.
On the same Radio 4 show, Mr Malpass said it was a "combination" of the "pandemic itself and the shutdowns" which had caused economic disruption across the world.
He said it meant "billions of people's livelihoods have been disrupted", something he described as "concerning".
Mr Malpass warned that it would be the "health consequences" and the "social consequences" that would be "really harsh" as well as "direct consequences... meaning lost income".
While this certainly paints a worrying picture for those in both business and politics, there is certainly evidence of recovery in parts of the world.
The FTSE 100, widely referenced as a barometer for economic prosperity in the UK, is slowly climbing to pre-coronavirus levels, while the US' Dow Jones Industrial Average has climbed by almost 9,000 points in just over two months.
