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Coronavirus recovery: protect lenders and borrowers to ease bad loan damage

In the wake of the Covid-19 pandemic, banks have experienced a spate of credit losses. These might be unavoidable for some time as governments, financial institutions and borrowers all try to navigate through the crisis.Spurred by the pandemic, S&P Global Ratings expects aggregate global credit losses for 2020 and 2021 to hit about US$1.8 trillion. According to its 2021 forecast published last July, North American and Chinese banks will continue to lose US$240 billion and US$398 billion…

Read the original article at South China Morning Post

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