Wall Street's S&P 500 index ended lower on Tuesday and a gauge of global equities was close to flat as investors awaited the Federal Reserve and other central banks meetings this week, where regulators will indicate if they will retain policies supporting a post-pandemic.
Global debt exceeds 355 percent of world GDP
Global debt exceeds 355 percent of world GDP
16 de marzo de 2021, 0:15
Washington, Mar 16 (Prensa Latina) The Covid-19 pandemic added 24 trillion dollars to the global debt, which currently exceeds 355 percent of the world s Gross Domestic Product (GDP), according to the Institute of International Finance (IIF).
That global debt increased to 281 trillion dollars in 2020, according to IIF statistics that collect the total private and public sectors debt of 61 countries from a sample in which a much higher increase than that observed during the 2008 global financial crisis can be seen.
By that date, that indicator grew about 10 percent and 15 percent in 2009.
Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand.
By Reuters Staff
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HONG KONG (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era. -
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Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand.