Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
FAA ground stop for Chinese spy balloon shootdown results in massive flight radar gap off South Carolina coast February 5, 2023
U.S. military members suing 3M seek dismissal of subsidiary’s bankruptcy February 5, 2023
Tesla reverses Model Y price cut after demand surge, Biden’s expansion of electric vehicle tax credits February 4, 2023
UK is ‘likely’ to need digital currency, says BoE and Treasury: Report February 4, 2023
FedEx loses bid to undo $366 million racial bias verdict, files appeal February 4, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Business

Live news updates: Global debt burden drops as inflation rises

Staff by Staff
December 13, 2022
in Business
0 0
A A
0

Global debt as a share of output fell by the most in at least 70 years last year, as economies rebounded from their sudden slowdown in 2020 and inflation soared, according to IMF data released on Monday.

The ratio of global public and private debt to gross domestic product fell 10 percentage points in 2021 after surging by 29 points in the previous year, according to data from the IMF’s global debt database published on Monday.

The figures highlight how massive government bailouts to pandemic-stricken economies triggered not only an increase in growth, but global inflation on a scale not seen in decades.

Last year’s fall was the biggest since the start of the IMF’s data series in 1950 and followed the biggest rise on record the previous year. It brought the amount of debt worldwide to 247 per cent of global GDP in 2021, compared with 228 per cent of GDP in 2019, the IMF said.

The decline was caused almost entirely by the rebound in growth and by rising prices. Together, those two factors caused a fall of 9.5 percentage points in the debt to GDP ratios of the G20 group of the world’s biggest economies.

In dollar terms, the total amount of public and private debt in the world rose slightly to an all-time high last year of $235tn, the fund added. In relation to GDP, after a further slight decline this year, the amount of debt is likely to stabilise in 2023 as the global economy slows, the fund said.

Vítor Gaspar, director of the IMF’s fiscal affairs department, described 2021 as “a very unusual year”, adding: “As we enter 2023, the world’s prospects are dominated by the need to fight high inflation accompanied by substantially higher real interest rates and diminished risk tolerance, especially for countries with perceived weaker fundamentals.”

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Business

FAA ground stop for Chinese spy balloon shootdown results in massive flight radar gap off South Carolina coast

February 5, 2023
Business

Tesla reverses Model Y price cut after demand surge, Biden’s expansion of electric vehicle tax credits

February 4, 2023
Business

Richard’s Rainwater partners with New Orleans brewery to harvest, bottle rainwater

February 4, 2023
Business

Southwest Airlines reducing minimum requirements for pilots: report

February 4, 2023
Business

US aeronautics balloon becomes most-tracked aircraft amid Chinese balloon concern

February 4, 2023
Business

Job growth surges in January, reversing slowdown trend of past months

February 4, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.