Deflation first. Too much supply and not enough demand for 2-4 years.
Then inflation and rapid unreal growth ...STAGflation.
It is one of the few ways that governments can pay back their already massive and growing debts. And central banks will be doing everything possible to ensure highly negative real interest rates.
Think 10%-ish inflation for a decade or so with little or no real growth. That's how you pay back your debts ...if you are a country.
Canada ranks with Greece and Italy in terms of total debt to GDP.