Tackling private-sector debt in the wake of the pandemic

Covid debt

The Covid-19 crisis shone a spotlight on the debt accumulated by households and non-financial firms. While debt played a key role in supporting economic activity during the crisis, policy-makers must now address the risks associated with higher debt levels and emerging pockets of vulnerabilities. Steering a safe way through the debt ripples created by the pandemic has been made even more challenging by the newly gathered storms of inflation and war.

How can a safe passage be achieved? In a

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