Coronavirus to leave a legacy of unprecedented global debt

Central banks and governments worldwide have unleashed at least $15 trillion of stimulus. The steps will pile even more debt on countries already struggling with the aftermath of the 2008-9 financial crisis -- total global debt has risen $87 trillion since 2007, and governments, with $70 trillion, accounted for the lion's share of that increase, the Institute of International Finance estimates.

from International-News-Economic Times https://ift.tt/2Lx4aNX
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