The financial week starts without notable macro references in Spain, as attention turns to the eurozone, where the European Commission will publish consumer confidence for May and Eurostat, production under construction for March. Also, on Monday, the OECD brings to light its latest Sovereign Borrowing Outlook. At the corporate level, Ryanair presents results, while Merlin
OECD: Sovereign Borrowing to Increase in 2023 miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Sovereign borrowing will reach $10.4 trillion in 2022, nearly one-third above the average before the COVID-19 pandemic, says S&P Global Ratings.
The COVID-19 pandemic has been a global health tragedy. Yet as the world inches towards the end of the health crisis, another injury threatens to leave a more enduring scar: that of entrenched economic insecurity. The 2020 round of the OECD Risks that Matter survey presents a stark picture of economic disruption and rising worries about health and financial security across 25 OECD countries. Despite massive government investments in social protection during the pandemic, people in most OECD countries are looking for more public support to lift them out of the crisis – and many report a willingness to pay more in taxes in order to fund better health, pensions, employment and long-term care programmes.