Coronavirus crisis could lead to new credit crunch as companies struggle with debt

Experts warn companies that have gorged on cheap money for the past decade face going out of businessA worldwide credit crunch triggered by the coronavirus will set in motion a wave of corporate bankruptcies that will make the global financial crisis look like “child’s play”, investors have warned.With the world’s most advanced economies all entering a shutdown that could last months, companies that have gorged on cheap money for the past decade face going out of business thanks to a huge spike in borrowing costs on international money markets. Continue reading…
Via: Coronavirus crisis could lead to new credit crunch as companies struggle with debt