NEWS  |  MIXTAPE  |   SCHOOL GIST  |  CELEB GIST  |  EP/ALBUM|


Want To Contact Us? .... CLICK HERE

BREAKING: Global Debt Reaches A Record $226 Trillion

Posted by on December 22nd, 2021.


Due to the coronavirus pandemic, the global economic situation experiences situations that were only experienced in times of wars or international catastrophes.

Inflationary processes are in all nations and some of them, as is the case in the United States, they already announce measures with which they plan to change this by 2022.

In this context, a report carried out by the International Monetary Fund shows that 2020 saw the largest increase in debt in a year since World War II. “World debt increased 28 percentage points to 256% of global GDP“, Vitor Gaspar, Paulo Medas and Roberto Perrelli commented in a text that the organization published.

One of the key points highlighted by specialists is that over the next year, governments will have to find a balance point between high indebtedness and rising inflation. “A significant tightening of financial conditions would exacerbate pressure on the most indebted governments, households and companies“, they explained in that sense.

HOT POST:  The Shocking Thing Captured Boko Haram Fighter Revealed About Shekau

According to the report, to find a moment in history where so much debt has been taken on in one year you have to go back to the WWII. Although debt levels were high before the pandemic, they never matched those at that time when humanity suffered one of its worst warfare.

“Governments face a world with unusually high levels of public and private debt, new mutations of the virus and rising inflation “, they commented from the International Monetary Fund. Along these lines, they add that monetary policies today are reoriented towards increasing inflation.

HOT POST:  Sanwo Olu Receives Request To Release CCTV Footage Of Lekki Shooting

“Public debt contributed a little more than half of the increase, and the public debt ratio soared at an unprecedented level of 99% of GDP; and the private debt of non-financial companies and households also reached new highs, “they explain.

According to the IMF, advanced economies and China They accounted for more than 90% of the $ 28 trillion debt increased in 2020 as most developing economies face limited access to funds and often higher interest rates.

HOT POST:  FG To Shut Down Money Lending Businesses (Details)

“If the public and private sectors are forced to deleverage simultaneously, growth prospects will be clouded“The report’s authors noted. Both emerging market and low-income countries face high debt ratios due to a sharp decline in nominal GDP in 2020.

Public debt in emerging markets reached record highs and in low-income countries it rose to levels not seen since 2000. The sharp increase in debt was justified by the need to “protect people’s lives, preserve jobs and avoid waves of bankruptcies “, they explained, and highlighted that” if governments had not taken measures, the social and economic consequences would have been devastating“.

What do you think about this?

We want to hear from you all.

Drop your comments Below:-

CLICK HERE TO JOIN OUR WHATSAPP GROUP

RELATED POSTS

Moment Iheanacho And Onyekuru Nearly Engaged In A ‘Fight’ Inside Hotel (Watch Video) Moment Iheanacho And Onyekuru Nearly Engaged In A ‘Fight’ Inside Hotel (Watch Video) Church Members Beat Pastor To Stupor For Demanding Money To Unlock 2022 Or Be Cursed Church Members Beat Pastor To Stupor For Demanding Money To Unlock 2022 Or Be Cursed IPOB Bans Nigerian Anthem In Southeast Schools, Slaughtering Of Cows For Ceremonies (Details) IPOB Bans Nigerian Anthem In Southeast Schools, Slaughtering Of Cows For Ceremonies (Details) Police Deploy Personnel As Gunmen Kidnap ASUU Chairman, Plateau Ex-gov Aspirant (Details) Police Deploy Personnel As Gunmen Kidnap ASUU Chairman, Plateau Ex-gov Aspirant (Details) See How Pastors Bath For Ladies N*ked In Church At Crossover Night For Deliverance (WATCH VIDEO) See How Pastors Bath For Ladies N*ked In Church At Crossover Night For Deliverance (WATCH VIDEO) Happy New Year To All 9jaAction Visitors Happy New Year To All 9jaAction Visitors How Will You Feel If I Lock You Up For 3 Days – IGP Blasts Police Officers For Keeping People In Cells (Details) How Will You Feel If I Lock You Up For 3 Days – IGP Blasts Police Officers For Keeping People In Cells (Details) BREAKING: NLC To Embark On Nationwide Protest Against Fuel Hike (See Date) BREAKING: NLC To Embark On Nationwide Protest Against Fuel Hike (See Date) FG To Shut Down Money Lending Businesses (Details) FG To Shut Down Money Lending Businesses (Details) Army Releases Female Soldier Who Accepted Marriage Proposal From Youth Corps Member Army Releases Female Soldier Who Accepted Marriage Proposal From Youth Corps Member Yuletide: FG Declares Free Train Rides From Dec 24 To Jan 4 Yuletide: FG Declares Free Train Rides From Dec 24 To Jan 4 BREAKING: FG Declares Public Holidays For Christmas, New Year (Details) BREAKING: FG Declares Public Holidays For Christmas, New Year (Details) We Are Not Recruiting Or Organizing a Contest – NNPC (Details) We Are Not Recruiting Or Organizing a Contest – NNPC (Details) EFCC Arrests Khalil Bashir Lawan With 576 ATM Cards At Kano Airport EFCC Arrests Khalil Bashir Lawan With 576 ATM Cards At Kano Airport Hospital Shuts Down As Ghosts Allegedly Rape Nurses, Teachers (Details) Hospital Shuts Down As Ghosts Allegedly Rape Nurses, Teachers (Details) Omicron Spreading Faster Than Delta Variant – WHO Warns Omicron Spreading Faster Than Delta Variant – WHO Warns COVID-19 Fourth Wave: Nigeria Records 1,368 Fresh Cases In 19 States COVID-19 Fourth Wave: Nigeria Records 1,368 Fresh Cases In 19 States BREAKING: NCDC Declares COVID-19 4th Wave In Nigeria BREAKING: NCDC Declares COVID-19 4th Wave In Nigeria Is Aisha Buhari Pregnant ? — Nigerians React To New Photos Of First Lady Is Aisha Buhari Pregnant ? — Nigerians React To New Photos Of First Lady ASUU: Earned Allowances Paid To Varsities, Buhari Insists ASUU: Earned Allowances Paid To Varsities, Buhari Insists

Want Latest Nigerian Songs? Click HERE



Share this post with your Friends on

Pin SMS


ADVERTS


No Comments Yet Drop a Comment

Leave a Reply



Go Back To The Top


Wizkid – Check

Download Here

VIDEO: Peruzzi Ft. Davido – Somebody Baby

Watch Here


Looking for something? Search below

CHECKOUT THESE HOT SECTIONS ON 9A