Tackling private-sector debt in the wake of the pandemic
Navigating Covid-19 debt is more of a challenge amid gathered storms of inflation and war, write Roong Mallikamas and Benjamin Weigert
The Covid-19 crisis shone a spotlight on the debt accumulated by households and non-financial firms. While debt played a key role in supporting economic activity during the crisis, policy-makers must now address the risks associated with higher debt levels and emerging pockets of vulnerabilities. Steering a safe way through the debt ripples created by the pandemic has been made even more challenging by the newly gathered storms of inflation and war.
How can a safe passage be achieved? In a
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