Scroll to the top

{{ subpage.title }}

Business implications of post-COVID government deficits
Business Implications for Post-COVID Government Deficits | Business In :60 | GZERO Media

Business implications of post-COVID government deficits

Kevin Sneader, global managing partner for McKinsey & Company, provides perspective on how corporate business leaders think in response to the global coronavirus crisis:

What are the implications for business of the deficits resulting from governments stepping in to save the economies around the world in the wake of the COVID-19 crisis?

Over the last three months, the ramp up of relief and stimulus spending has occurred just as tax revenues have stopped. Indeed, government deficits could reach around $10 trillion this year and as much as $30 trillion by 2023. There's a real risk of a debt crisis that could compound the already existing economic crisis.

Read moreShow less

Subscribe to our free newsletter, GZERO Daily