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A $1.8 trillion wall of corporate debt coming due could cost jobs, Goldman warns

Por: MarketWatch Politics August 08, 2023

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Corporations needing to refinance existing maturing debt at today’s higher rates would face higher debt costs. Goldman’s economics team, led by Jan Hatzius, expect a 2% increase in interest expenses for corporations in 2024 and a 5.5% jump in 2025, according to a new client note. They also found that a bigger burden in terms of interest payments typically translates to cuts in labor costs and capital expenditures, based on an analysis of... + full article



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