Should the world fear a post-pandemic debt crisis?

//Should the world fear a post-pandemic debt crisis?

Should the world fear a post-pandemic debt crisis?

As countries, companies, and households confront the Covid-19 pandemic’s economic fallout, many market watchers are sounding the alarm about rapidly rising leverage worldwide. And for good reason: in an acceleration of a years-long trend, the debt-to-GDP ratio among these three sets of borrowers is set to swell by 14 per cent this year, to a record 265 per cent.But while this has raised the risk of insolvencies and defaults, particularly among corporations, a near-term debt crisis looks…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-11-01T09:15:14+00:00 November 1st, 2020|Business|Comments Off on Should the world fear a post-pandemic debt crisis?