How will countries pay off their debt after COVID-19?

As economies struggle and job losses increase, government debts are headed towards World War II levels. The full impact of the coronavir...


As economies struggle and job losses increase, government debts are headed towards World War II levels.
The full impact of the coronavirus pandemic was laid bare when the United Kingdom became the first G20 nation to release its economic data.

In April, the first full month of the lockdown, the UK's economy tanked a staggering 20 percent. It is heading towards the worst recession in 300 years.

The government is expected to spend $60bn from March to October as they pay 80 percent of salaries of furloughed workers. The scheme is currently supporting 8.7 million jobs, or a third of all working people.

Some of the poorest parts of the UK have been hardest hit by the pandemic. Al Jazeera's Laurence Lee reports from Middlesbrough in northeastern England, where officials are concerned that the town will not cope if the government reintroduces austerity cuts after the lockdown.

And as rich nations spend trillions of dollars to limit the damage on economies and jobs, we speak to Jan Randolph, director of sovereign risk at IHS Markit, who explains how countries may pay off debts in the coming years.

Also on Counting the Cost: The United States has imposed new sanctions against the Syrian government, which are expected to derail the regime's post-war recovery plans. Meanwhile, in Ecuador, one Indigenous community is successfully tackling coronavirus with strict lockdown measures. Plus, we look at why most global markets have staged a remarkable recovery - totally detached from the economic reality of the pandemic.

Source:Al Jazeera
Name

Business,21,Education,10,entertainment,27,event,5,foreign news,103,gossips,12,News,156,Politics,19,religion,53,sports,28,Video,7,Zongo,35,
ltr
item
Zongo Link Multimedia: How will countries pay off their debt after COVID-19?
How will countries pay off their debt after COVID-19?
https://1.bp.blogspot.com/-SbMqVK_rrJk/Xu9WSgGg6CI/AAAAAAAAPdI/3YResAXKoGYepHsMEt3oDXsV8oxRkTZ_QCLcBGAsYHQ/s640/47E41F7A-9A3E-4E3E-AE17-DBB76EB77B44.jpeg
https://1.bp.blogspot.com/-SbMqVK_rrJk/Xu9WSgGg6CI/AAAAAAAAPdI/3YResAXKoGYepHsMEt3oDXsV8oxRkTZ_QCLcBGAsYHQ/s72-c/47E41F7A-9A3E-4E3E-AE17-DBB76EB77B44.jpeg
Zongo Link Multimedia
http://www.zongolinkmultimedia.com/2020/06/how-will-countries-pay-off-their-debt.html
http://www.zongolinkmultimedia.com/
http://www.zongolinkmultimedia.com/
http://www.zongolinkmultimedia.com/2020/06/how-will-countries-pay-off-their-debt.html
true
8117865796886022374
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy