• Coronavirus fallout can morph into a global financial crisis, the World Bank's chief economist says

    4 days ago - By Business Insider

    King Juan Carlos delivers 'Premio de Economia Rey Juan Carlos' to the economist Carmen Reinhart at Banco de Espana headquarters on December 11, 2018 in Madrid, Spain.
    Samuel de Roman/Getty Images
    Major economies may be well on their way to recovery, but outsized government borrowing runs the risk of fueling a financial crisis, World Bank Chief Economist Carmen Reinhart said Thursday. The path of governments' fundraising and bond-buying is "not sustainable" and could spark debt crises should they continue, the economist warned. "This did not start as a financial crisis but it is morphing...
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