The risk to post-pandemic recovery from growing corporate debt

It seems counter-cyclical to point out, as countries around the world are beginning to emerge from the coma of lockdown, that we are far from the end of the fall-out from the coronavirus pandemic.Still to come in the horror year of 2020 is a list of potentially damaging economic factors such as the destruction of GDP growth for the rest of the current year, a sharp decline in corporate earnings for at least the first three quarters, and a deterioration in the financial health of corporations and individuals as business activity struggles to adapt to the new normal of post-pandemic life.Now, to…

Read More