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Business Matters: US debt to GDP soars during coronavirus

US debt to GDP soars during coronavirus

23/05/2020 GMT

BBC World Service - Business Matters, US debt to GDP soars during coronavirus

US debt is expected to equal the country's GDP due to emergency coronavirus spending.

With government debt in the United States expected to rise this year to the value of the country's entire GDP, the BBC's Michelle Fleury considers the implications. Meanwhile, with unemployment at a drastic high in the US, we hear from economist Laura Tyson and Ed Serna, Executive Director of the Texas Workforce Commission, on how challenging a jobs recovery might prove to be. Also in the programme, Argentina has defaulted on its sovereign debt for the ninth time. Argentinian political economist Juan Grigera explains where the country could go from here. And following a devastating cyclone which struck India and Bangladesh this week, claiming the lives of more than 80 people, the BBC's Rahul Tandon examines the challenge now facing West Bengal, the Indian state worst affected by the disaster.

(Picture: Traders on Wall Street. Picture Credit: Getty Images.)

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