“The IMF report is a sobering reading, pointing to one of the major defects of the global economy,” said Maria Pastukhova from the thinktank e3g.
“It would be the worst kind of exercise of U.S. power,” said Scott Morris from the Center for Global Development in D.C.
Vaccine inequality is cited as a chief driver in the widening gulf between recoveries in more developed and less developed economies.
Corporations have almost $10 trillion in debt on their balance sheets, equivalent to 47% of the entire U.S. economy. Peaks in corporate debt levels have historically coincided with recessions.