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Burgeoning debt a threat to socio-economic growth
Published on: Friday 16 December 2022
THE global economy is experiencing massive growth in debt exacerbated by the Covid-19 pandemic, which has forced countries to borrow to boost their reserves and bring some form of economic resilience. The borrowed funds were also used to finance stimulus packages to support struggling businesses, at-risk groups (elderly, unemployed youths, women, people with disabilities, etc.), and financing education and health-related infrastructure among...
News source: https://www.msn.com/en-xl/africa/other/burgeoning-debt-a-threat-to-socio-economic-growth/ar-AA15nTsS
