Will the living dead cross the big screen and escape from the B-horror movies to land in reality?
In any case, the economy fears these "zombies", creatures that the scientific literature does not define precisely but that are commonly described as companies whose operating income does not cover, on a recurring basis, interest charges.
In other words, over-indebted companies, laggards, which hamper growth and productivity.
"The 'zombification' of the economy refers to a situation in which public support programs and bank credit keep unsustainable businesses alive,"
write in a recent CEPR note three voices of the ECB, Isabel Schnabel, Glenn Schepens and Luc Laeven.
Is the Covid-19 crisis, drowned in a deluge of credits, preparing us for a future of horror?
The mystery of the invisible crisis
Ten months after the start of the pandemic, the economic crisis it triggered remains
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