In depth 

Defusing the debt bomb

Defusing the debt bomb

Central bank intervention and a retreat of more apocalyptic narratives on Covid-19 can be credited for the FTSE All-Share rallying around 28 per cent from its March low. Investors in shares have had a reprieve, but a genuine recovery depends on the real economy, which is vulnerable to a dreaded second wave reigniting the fear factor.  

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