Covid Vaccine Would Help World Avert Crisis With Ballooning Debt
- Debt globally likely to rise 10% to $200 trillion in 2020: S&P
- Concerns about surging virus cases hit markets this week
The S&P 500 dropped the most in four months on Wednesday, and yield premiums on Asian dollar bonds widened this week for the longest stretch since the pandemic engulfed markets in March.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The recent surge in coronavirus cases in the U.S. and Europe is underscoring the importance of finding a vaccine as soon as possible, first and foremost for public health, but also for the global economy.
The world is headed toward a massive debt burden because of the pandemic, but finding and distributing a vaccine would allay risks, according to a report by S&P Global Ratings.