Pandemic won’t cause euro debt crisis, but a North-South divide
BRUSSELS: Euro zone government debt will surge this year on the coronavirus pandemic, but while another debt crisis is unlikely, large differences in indebtedness as countries emerge from the downturn could seriously test their unity. The International Monetary Fund expects debt in the 19 countries sharing the euro to jump by more than 13% of […]
Pandemic a ‘perfect storm’ for South Asia, says World Bank
NEW DELHI: South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday. India, Bangladesh, Pakistan, Afghanistan and other smaller nations, which have 1.8 billion people and some of the planet’s most densely populated […]