The pandemic has wiped millions off the portfolio of Soho landlord Shaftesbury Plc and many other companies across the world. In the rush to cushion the economic downturn, many have downplayed the consequences of the coming debt burden. Photo: Bloomberg The pandemic has wiped millions off the portfolio of Soho landlord Shaftesbury Plc and many other companies across the world. In the rush to cushion the economic downturn, many have downplayed the consequences of the coming debt burden. Photo: Bloomberg
The pandemic has wiped millions off the portfolio of Soho landlord Shaftesbury Plc and many other companies across the world. In the rush to cushion the economic downturn, many have downplayed the consequences of the coming debt burden. Photo: Bloomberg
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Busy with coronavirus bailouts, the world has taken its eyes off the looming debt crash

  • The global debt crisis racked up in the decade before the pandemic has not gone away and, together with the added burden from bailouts, could crush banks and leave many companies without a financial lifeline

The pandemic has wiped millions off the portfolio of Soho landlord Shaftesbury Plc and many other companies across the world. In the rush to cushion the economic downturn, many have downplayed the consequences of the coming debt burden. Photo: Bloomberg The pandemic has wiped millions off the portfolio of Soho landlord Shaftesbury Plc and many other companies across the world. In the rush to cushion the economic downturn, many have downplayed the consequences of the coming debt burden. Photo: Bloomberg
The pandemic has wiped millions off the portfolio of Soho landlord Shaftesbury Plc and many other companies across the world. In the rush to cushion the economic downturn, many have downplayed the consequences of the coming debt burden. Photo: Bloomberg
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London