Coronavirus: how the massive pandemic debt bill has ‘reshaped the global economy for good’

Governments will prop up economies for years to come following the coronavirus pandemic, inflating fiscal deficits to record-high levels without a “return to normal in the economic, political and social spheres”.That is the conclusion of a new report by the Economist Intelligence Unit (EIU), which says the pandemic has “reshaped the global economic landscape for good”, with low growth, high public debt and declining populations in rich countries becoming the norm.The Organisation for Economic…

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