Public-sector debt is spiralling in high-income countries. But this is no cause for panic. Governments are right to borrow freely during the Covid-19 crisis. The debt will also remain affordable — provided they take the trouble to lock in today’s ultra-low interest rates.
在高收入国家，公共部门债务正呈螺旋式上升。但这不值得恐慌。在新型冠状病毒肺炎（COVID-19，即2019冠状病毒病）危机期间，政府放开手脚举债是对的。将来这些债务也是他们承受得起的——只要他们想办法锁定眼下的超低利率。
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