“World debt, both public and private, reached a record high of $ 188 trillion, which is about 230% of global production. The main factor in its increase was the private sector, which currently accounts for almost two-thirds of the total debt level, ”TASS quotes Georgiev.
She added that public debt in advanced economies has reached a level “that has not been there since World War II”.
“The national debt of developing countries is at the level that was last observed during the debt crisis of the 1980s. In low-income countries, there has been a sharp increase in debt over the past five years, ”said the head of the fund.
In October, Georgieva spoke about the difficult situation in the world economy, noting a record slowdown in global economic growth, the threat of a significant increase in corporate debt and default on it.
At the same time, the head of the Ministry of Economic Development of Russia Maxim Oreshkin urged not to “stick out” the situation with the fall of US exchanges, but to pay more attention to the dynamics of the world economy, the growth of which may decrease by the end of the year.