WASHINGTON (Reuters) - The International Monetary Fund on Wednesday said that the global debt as a share of economic output fell significantly in 2022 ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWASHINGTON - The International Monetary Fund on Wednesday said that the global debt as a share of economic output fell significantly in 2022 for the second year in a row, but the decline may be ending as a post-COVID growth surge fades.
But the decline for the past two years, driven by strong growth and stronger-than-expected inflation, has recouped only about two thirds of the COVID-induced spike in global debt. The ratio remains well above the 2019 level of 238% of GDP. Those levels are similar to the United States, which saw its total debt-to-GDP ratio fall to 274% in 2022 from 284% in 2021, according to the IMF report.
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