BFM 89.9
The Business Station
No Free Lunch Even With Low Rates
24 mins
·
08:05, 22 Jan 2021
·
Recommended
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
Presenter: Wong Shou Ning
Producer: Roshan Kanesan
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