World News – AU – Covid vaccine would help world avoid crisis with rising debt

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The S&P 500 fell the most in four months on Wednesday, and yield premiums on Asian dollar bonds widened this week for the longest period since the pandemic ravaged markets in March

The S&P 500 fell the most in four months on Wednesday, and yield premiums on Asian dollar bonds widened this week for the longest time since the pandemic engulfed markets in March

The recent surge in coronavirus cases in US and Europe underscores the importance of finding a vaccine as soon as possible, first and foremost for public health, but also for the global economy

The world is heading for massive debt due to the pandemic, but finding and distributing a vaccine would mitigate the risks, according to a report by S&P Global Ratings

« Although we are heading towards record levels of debt / GDP, we believe a short-term debt crisis is unlikely, » according to Alexandra Dimitrijevic, global head of research at S&P in the note La rating company says economic rebound is based on wide availability of a Covid-19 vaccine by mid-2021 and continued accommodative monetary policies

The S&P 500 fell the most in four months on Wednesday, and yield premiums on Asian dollar bonds widened this week for the longest time since the pandemic engulfed markets in March, as the concerns about the pandemic have returned with force Finding a vaccine that could be used by mid-2021 would be a « critical step » from an economic point of view, according to S&P

Global debt to GDP expected to hit record high in 2020 due to pandemic

S&P predicts that the outstanding global debt, including that of governments, businesses and households, will increase by 10% to $ 200 trillion in 2020, peaking at 265% of gross domestic product at the end of the year

Tensions for weaker companies and industries most exposed to the impact of social restrictions will remain in the short term, and S&P expects defaults to reach levels not seen since the financial crisis world of 2009

Beyond easing the burden on countries’ health systems, a proven vaccine would, for the most part, eliminate the need for the kinds of social restrictions that virtually crippled economic activity earlier this year, according to the rating firm

S&P Global Ratings, Finance, Axis Bank, S&P 500 Index, Debt Crisis, S&P Global

World News – AU – Covid Vaccine Would Help World Avoid Crisis with rising debt



SOURCE: https://www.w24news.com/news/world-news-au-covid-vaccine-would-help-world-avoid-crisis-with-rising-debt/?remotepost=482423

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