Friday, December 17, 2021

$226 Trillion Global Debt

Excerpt from the IMF Blog's article:

"In 2020, we observed the largest one-year debt surge since World War II, with global debt rising to $226 trillion as the world was hit by a global health crisis and a deep recession. Debt was already elevated going into the crisis, but now governments must navigate a world of record-high public and private debt levels, new virus mutations, and rising inflation."









Image credit - IMF Blog















-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Scars of Conflict

Economies across the Middle East and Central Asia are more affected by conflicts in terms of income per capita. Conflicts have huge economic...

  • Budget 2019 Discussion
    How are you going to contribute to the nations in terms of closing the wealth inequality gap?
  • Malaysia and Economic Recovery
    In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
  • Great Recession vs. Great Depression
    Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...