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Coronavirus could cause more countries to default on their debt, economist says
Published Wed, Apr 15 2020
Published Wed, Apr 15 2020
- An increasing number of countries could default on their debt in the coming 12-18 months as governments globally increase spending to limit the economic damage from the coronavirus pandemic, said Simon Baptist, global chief economist at The Economist Intelligence Unit.
- Baptist said a euro zone debt crisis could come back, with Greece and Italy at the center of it.
Coronavirus could cause more countries to default on their debt, economist says