As new showed a study by the Institute of International Finance, the level of global debt has now reached a record $ 281 trillion, and the ratio of debt to GDP worldwide has exceeded 355% (+ 35% from pre-pandemic level).
Half of the new debts were government support programs. International companies, banks and households, in turn, added $ 5.4 trillion, 3.9 trillion and 2.6 trillion dollars to it, respectively.
This is much, much more serious than the increase in debt during the financial crisis of 2008-2009 (then the ratio of debt to GDP grew by 10% and 15%, respectively). In addition, countries are not yet ready for a sharp reduction in public support, which means that debts will continue to grow. Experts predict that by the end of the year the global debt will grow by another 10 trillion. It jeopardizes the ability of states to deal with future crises
