No Free Lunch Even With Low Rates
James McCormack, Global Head of Sovereign Ratings, Fitch Ratings
22-Jan-21 08:05
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The global sum of government debt was around $78 trillion at end-2020 and is expected to reach $84 trillion by end-2021, approaching 100% of global GDP. James McCormack, Global Head of Sovereign Ratings at Fitch Ratings, tells us why we should start worrying and explains the rationale for the recent downgrade of Malaysia as well as what the government needs to address for an upgrade.
Image Credit (Background): Willy Barton / Shutterstock.com
Produced by: Roshan Kanesan
Presented by: Wong Shou Ning
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Tags: fitch, sovereign ratings, covid-19, government debt, GDP, recovery