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Will we have a debt crisis following the coronavirus crisis? | COVID-19 Update

During the coronavirus pandemic lockdowns have halted the flow of cash to workers and companies, forcing governments to step in. Countries, rich and poor, are burning through vast amounts of money. But it’s all on loan.They’re taking on debt like never before and could be setting a dangerous precedent. It’ll leave younger generations to foot the bill and their financial futures already look bleak. Who will get stuck paying back all that money? Will the younger generation get saddled with it all? Will they be able to cope?

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