“Global public debt is said to have reached 100% of GDP in 2020. As a result, most economies are expected to emerge from the pandemic with higher deficits and debt vulnerabilities.”
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Unknown titleVID-19 amounted to about 12% of global GDP by mid-September 2020,” Mr. Das said while delivering the Nani Palkhivala Memorial Lecture online on the subject, ‘Towards a Stable Financial System’. <span>“Global public debt is said to have reached 100% of GDP in 2020. As a result, most economies are expected to emerge from the pandemic with higher deficits and debt vulnerabilities.” He said although the scale of fiscal spending was expected to breach the quantitative targets of fiscal prudence across most economies in the short-run, it was crucial in the context of Summary
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