Business debt: hidden advantage for giant firms means economy has been K-shaped for decades
- Written by Sandy Brian Hager, Senior Lecturer in International Political Economy, City, University of London
Ladders for us, snakes for you. Ratthaphong EkariyasapWhen the COVID-19 pandemic first hit, it seemed like the day of reckoning for over-stretched corporate borrowers was finally at hand. For years, pundits and policymakers had been warning about a dangerous build-up of the debt of “non-financial firms”, meaning all those that...