Sovereign debt crisis |
Sovereign debt crisis
Government debt has soared to levels not seen in peacetime in many countries, in part to help cushion the downside of the economic crisis.
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Government debt has soared to levels not seen in peacetime in many countries, in part to help cushion the downside of the economic crisis. And, as the economic recovery starts to gain a foothold, sovereign debt will decrease, but this won’t necessarily be widespread, and, in the interim, the cost of capital will likely be affected. Governments’ ability to manage debt will be one of the most crucial factors affecting the shape of the recovery, as this podcast will explore.
Highlights
- How will governments deal with the burden of mounting debt?
- How will the expected consolidation in government spending affect local and global economies?
- Are the recent debt crises in some parts of the world going to have a ripple effect on the global economy?
- Will the rush to buy government bonds continue?
Guests
- Ira Kalish, Director of Global Economics for Deloitte Research in the United States
- Ian Stewart, Director of Deloitte Research in United Kingdom
This podcast is part of the inaugural edition of "The Global Shift" series, part of Deloitte Global Insights. The Global Shift series will be updated every quarter, identifying the issues that are driving the global economic and business agenda in the midst of a significant shift in the global environment.
