CHRIS GILMOUR: SA faces debt storm without ballasts or tailwinds
17 June 2020 - 05:00
The global economy has experienced huge injections of liquidity coupled with unprecedented fiscal responses. A complete financial meltdown has been averted and co-ordinated global action has achieved its purpose.
However, due to the huge increases in associated debt due to emergency monetary and fiscal packages, state growth strategies will be deferred as global governments are hobbled by astronomical debt levels...
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