2023 global debt reached a record $313 trillion, with developing economies' debt to GDP ratio surging by 9% above pre-pandemic levels, according to the IMF.
2023's global debt reached a record high of $313 trillion, with developing economies' debt to GDP ratio surging. The IMF reported a 9% increase in global public debt above pre-pandemic levels in 2023. The country with the biggest government relative to its economy is not specified in this article, but a separate report discusses the 20 countries with the highest government spending to GDP.
May 25, 2024
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