Economics
World Economy Faces Debt Doom Loop, More Inequity Post Pandemic
- Covid-19 crisis has exacerbated inequality, boosted leverage
- Economists at annual meeting assess long-run effects of virus
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The world economy will be exiting the pandemic weighed down by much bigger debts and increased inequality that could hobble growth in the longer term.
That was one of the memes making the rounds at the annual meeting of the American Economic Association that winds up on Tuesday.