Managing the coming $30 trillion deficit while restoring economic growth
As they continue to grapple with a global pandemic, governments will need to manage deficits and debt-payment plans while finding the best ways to support economic recovery.
Deficits worldwide could reach $9 trillion to $11 trillion in 2020, and a cumulative total of as much as $30 trillion by 2023. Governments will need to find ways to manage these unprecedented deficits without crippling their economies.
McKinsey’s latest report looks into the ways governments are going to have to tackle the $30 trillion deficit without crippling the economy: