Global debt – THE OVAL CIRCLE

Global public debt hits record high of $88 TRILLION – IMF

Posted on October 17, 2021October 17, 2021By Editor

The International Monetary Fund (IMF) said on Wednesday that global government debt is estimated at 97.8% of the world’s gross domestic product in 2021. … Read More >Global public debt hits record high of $88 TRILLION – IMF

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‘Catastrophic consequences for people’s lives’: Debt crisis looming for developing world due to Covid response, UN chief warns

Posted on March 31, 2021March 31, 2021By Editor

The world faces severe problems of debt sustainability in the wake of the coronavirus crisis that have not been properly understood or addressed, United Nations (UN) Secretary-General Antonio Guterres told the Financial Times. … Read More >‘Catastrophic consequences for people’s lives’: Debt crisis looming for developing world due to Covid response, UN chief warns

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World debt soars to record $281 TRILLION in 2020, set to rise again this year – report

Posted on February 23, 2021February 23, 2021By Editor

The Covid-19 pandemic has added $24 trillion to the global debt mountain over the last year, the Institute of International Finance (IIF) said. Government spending has accounted for about half of the increase. … Read More >World debt soars to record $281 TRILLION in 2020, set to rise again this year – report

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Coronavirus will drive global debt to $200 TRILLION by end of 2020, S&P projects

Posted on December 6, 2020December 6, 2020By Editor

The world’s appetite for borrowing is growing with global debt expected to reach the next milestone of $200 trillion as early as this year, according to ratings agency S&P Global. … Read More >Coronavirus will drive global debt to $200 TRILLION by end of 2020, S&P projects

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Global debt on track to exceed $250 TRILLION this year

Posted on November 16, 2019November 16, 2019By Editor

A new report by the International Institute of Finance (IIF) shows the world’s debt climbed by $7.5 trillion in the first six months of 2019 to a record high of over $250 trillion. It was driven by borrowings in the US and China. … Read More >Global debt on track to exceed $250 TRILLION this year

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