The COVID-19 Debt Deluge Jayati Ghosh

How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone’s guess. But even if the pandemic’s economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front lines of the outbreak.

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(This article was originally published in the Project Syndicate on March 16, 2020)