Ajay Banga who runs Mastercard - which employs nearly 20,000 globally - told me in an exclusive BBC interview that one of the first things he did when the lockdowns started was to tell his employees “there would be no Covid-related layoffs this year”.

"So instead of being worried about their jobs," he said, "they should be worrying about each other, worry about their families, and worry about their clients."

Banga, who regularly ranks as one of the world’s top performing CEOs, took over as chief executive of the global payments processing firm at the height of the last financial crisis a decade ago.

He describes the current scenario as "many multiples of that" - and doesn’t see Mastercard or the global economy getting back to "a pre-Covid growth scenario" until later next year, when a vaccine may be available