The Corona epidemic has left the world with 300 3 trillion in debt

Risk of corona due to prolonged exposure to air pollution

Rising interest rates will only make matters worse for debt-ridden countries

GENEVA: Governments and businesses are facing a 3 trillion debt burden as governments spend huge sums of money to keep people's economies afloat during the Corona epidemic, boosting people's incomes and promoting business.

Leading economists have said that the debt crisis will worsen the economies of countries that are facing environmental and aging problems.

While rich and poor nations are analyzing the crumbling financial system, central banks are pushing for higher interest rates due to inflation, which will tighten monetary policy and make debt-ridden countries miserable.

Amer Tifftik, head of sustainability research at the Institute of International Finance, said tightening monetary policy would push up debt prices and increase the interest burden on governments and the real estate sector.

In South Korea, meanwhile, 3,292 cases of corona have been reported in the last 24 hours, with more than half a million students flocking to 1395 places to take the college entrance exam, killing 29 people.

For the second day in a row, more than 3,000 new cases of corona have been reported in South Korea, bringing the total number of cases to 4,06,065, while the total number of corona deaths was 3,187. Currently, the condition of 506 patients is critical.

Meanwhile, a study in Spain found that prolonged exposure to high levels of air pollution increased the risk of corona. The research, published in the journal Environmental Health Perspectives, shows that reducing air pollution improves health. Previous research suggests that corona cases and deaths were higher where air pollution was higher.