IMF global debt warning
IMF officials Vitor Gaspar, Paulo Medas, and Roberto Perrelli wrote a joint blog post on global debt.
According to the IMF’s global debt database, the ratio of total public and private debt to global gross domestic product (GDP) decreased by 10 percentage points to 247 percent last year, it was recorded.
REACHED THE PEAK
In the article, it was recalled that the ratio of total public and private debt to global GDP peaked at 257% in 2020.
Stating that global debt continues to rise, albeit at a much slower rate, it was noted that last year it reached a record level of $235 trillion.
In the article, it was stated that if the economic outlook continues to deteriorate and borrowing costs rise further, it will become increasingly difficult to manage high debt levels.
In the IMF officials’ blog post, it was stated that high inflation continues to help debt ratios fall in 2022, but governments should use fiscal policies to reduce inflationary pressures. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
