This is what we have been saying for the past few months and why we are so bullish on commodities which will benefit from an infrastructure spend.
Most of the focus in managing the economic impacts of COVID-19 so far have been consumption led i.e. giving money to the population to get the economy moving. This is going to shift as we start to move beyond COVID-19 into massive amounts of infrastructure spend. This will be either government funded or through rapid approvals of private projects across the world, either way it will mean we are potentially looking at an 18–24 month bull run across the board in commodities for the first time in many years.
This article is a great example of what we think will continue to happen, money for major infra projects is starting to flow!!