See other World News Articles
Title: Visualizing The State Of Global Debt, By Country
Source:
[None]
URL Source: https://www.zerohedge.com/markets/v ... zing-state-global-debt-country
Published: Feb 6, 2022
Author: staff
Post Date: 2022-02-06 19:36:54 by Horse
Keywords: None
Views: 29
Since COVID-19 started its spread around the world in 2020, the global economy has been put to the test with supply chain disruptions, price volatility for commodities, challenges in the job market, and declining income from tourism. The World Bank has estimated that almost 97 million people have been pushed into extreme poverty as a result of the pandemic. In order to help with this difficult situation, global governments have had to increase their expenditures to deal with higher healthcare costs, unemployment, food insecurity, and to help businesses to survive. Countries have taken on new debt to provide financial support for these measures, which, as Visual Capitalist's Rail Amoros details below, has resulted in the highest global debt levels in half a century. To analyze the extent of global debt, we’ve compiled debt-to-GDP data by country from the most recent World Economic Outlook report by the IMF. Poster Comment: A Depression is a period to time in which Unpayable Debts are cancelled en masse. Want to see how severe the coming Depression in your country will be? Just look at the debts. The US and UK lead the way for White nations. 
Post Comment Private Reply Ignore Thread