Moody's credit rating agency said on Monday that the Coruna virus will raise debt levels in the world's richest countries by about 20 percentage points on average this year, which is nearly twice the damage it experienced during the financial crisis.
The new report monitored debt in 14 countries, such as the United States, Japan, Italy and Britain, and conducted an evaluation of how the economic slowdown caused by the Corona virus affected its financial situation.
"We estimate that, on average, the ratios of government debt to gross domestic product in this group will increase by about 19 percentage points, which is about twice the rate in 2019 during the major financial crisis," the report said.
"Compared to the major financial crisis, the high debt burden will be immediate and widespread, reflecting the severity and breadth of the shock caused by the Corona virus," he added.
It is expected that Italy, Japan and Britain will experience the largest increase in debt by about 25 percentage points, compared to their GDP, while the United States, France, Spain, Canada and New Zealand will post a jump of about 20 percentage points.
Earlier this month, the International Monetary Fund Director, Kristalina Georgieva, said that governments around the world spent $ 10 trillion on financial measures taken in response to the emerging pandemic of the outbreak of the outbreak of Corna virus, and its economic repercussions, but more efforts are needed.