Скачать или смотреть Coronavirus stimulus spending will push public debt higher in many countries

Governments around the world are committing trillions in relief packages to help cushion their economies from the COVID-19 outbreak. However, ballooning public debt could hurt growth as governments may have to divert more spending to pay creditors interest. Many economies were already heavily indebted before COVID-19 hit. In Europe, where Italy is the epicentre of the COVID-19 outbreak, economic disruption could push its government debt beyond $2.5 trillion. Before the pandemic, Italy's public debt was $2.3 trillion, or 133% of its GDP. Meanwhile, in the US, latest relief measures could push the country's debt-to-GDP ratio to 96% by 2022.

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