Global debt forecast to soar to record-high of US$ 277 trillion by end of 2020 due to pandemic: Report
Arirang News
2020-11-20
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코로나19 사태로 글로벌 부채 역대 최대... 30경원 돌파
The COVID-19 pandemic is projected to push global debt to a record 277 trillion U.S. dollars by year's end.
The Institute of International Finance published a report Wednesday titled "Attack of the Debt Tsunami,"... which also forecast the debt-to-global GDP ratio to reach 365 percent.
During the first three quarters of 2020 alone,... global debt jumped by 15 trillion dollars.
The report said this is due to a significant increase in borrowing by countries, companies as well as individuals.
The COVID-19 pandemic is projected to push global debt to a record 277 trillion U.S. dollars by year's end.
The Institute of International Finance published a report Wednesday titled "Attack of the Debt Tsunami,"... which also forecast the debt-to-global GDP ratio to reach 365 percent.
During the first three quarters of 2020 alone,... global debt jumped by 15 trillion dollars.
The report said this is due to a significant increase in borrowing by countries, companies as well as individuals.
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