Coronavirus fallout can morph into a global financial crisis

Oct 29, 2020 | Archives, Economically

Even after the virus drove the biggest economic slump in nearly a century, bankruptcies have been somewhat staved off by massive government stimulus and central-bank easing. But the path of global quantitative easing “is not a sustainable one,” and many countries could face a debt crisis just as their economic recoveries materialize, Reinhart [the World Bank’s Chief Economist] said.

“This did not start as a financial crisis, but it is morphing into a major economic crisis with very serious financial consequences,” she said.

[Full Article – 10/16/20]

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