Global debt returning to its rising trend
The IMF says although global debt recorded another significant decline in 2022, it's still high and debt sustainability remains a concern
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The IMF says although global debt recorded another significant decline in 2022, it's still high and debt sustainability remains a concern
Debt in low-income developing countries (LIDCs) have not fallen, and total debt increased by about 0.5% of GDP to 88% of GDP in 2022. | Pulse Ghana
Debt in low-income developing countries (LIDCs) have not fallen, and total debt increased by about 0.5% of GDP to 88% of GDP in 2022. | Pulse Nigeria
According to the multilateral agency, private debt has fallen at a faster rate than public debt over the last two years
Public debt soared to a record during the pandemic, topping global gross domestic product. Now, with government debt still elevated, the rise in interest rates and the strong US dollar is adding to interest costs, in turn weighing on growth and fueling financial stability risks.