In my own opinion, if COVID-19 will start to spread and make a vast number of cases again, I assume that there will be a massive riot in every country because a lot of people will die in starved due to losing their jobs and businesses getting bankrupt. That is why scientists, doctors, nurses, etc. are doing everything for them to provide a vaccine for COVID-19 to prevent this kind of situation from happening.
I got your point here. If there is a reawakening of the pandemic or a rising of the pandemic curve after almost completely flattened, what i think will happen is more job loss and more companies becoming bankrupt. The government can not help but to make money cheap for the people, this will lead to inflation.
the overall effect will be the negative chain reaction of the monetary policies the government will put in place, it could lead to
hyper-inflation.