Debt from huge economic measures to the worst level ever in the world October 15, 5:32
As a result of huge economic measures taken by each country to deal with the economic downturn caused by the new coronavirus, it was found that the public debt, which is the debt, is expected to rise to the worst level in the world.
The IMF = International Monetary Fund released a global financial report on the 14th, and it is expected that the world's public debt will rise to 98.7%, the worst level ever, against the total GDP = gross domestic product. I made it clear.
This shows that debt builds up to about the same amount of wealth that countries around the world produce in a year.
The rapid increase in public debt is due to the fact that each country has implemented huge economic measures one after another while the economy has deteriorated rapidly due to the spread of the new virus, and the debt has increased especially in countries with large economies. I am.
Compared to GDP,
▽ Japan is 266%,
▽ United States is 131%,
▽ Eurozone is 101%,
▽ China is 61%, and
Japan
, which
originally had a large debt, is significantly higher.
The IMF also points out that the excessive burden of repayment will hinder future recovery, saying that debt is swelling in developing countries as well.
While the IMF evaluates fiscal mobilization for crisis response, it also points out that "more things need to be achieved with a limited budget", and as each country works on economic recovery, efficient fiscal management is also possible. You will be asked.