- 14 Sep
Global debt as a share of GDP fell in 2022, but may rise again
The global debt-to-GDP ratio fell in 2022 for the second year in a row, but the decline may be ending. The decline is due to strong growth and inflation, but it has only recouped about two thirds of the COVID-induced spike in global debt. China's debt burden has defied the moderating trend and is now similar to the United States. The IMF warned that debt is likely to rise again over the medium-term and urged governments to adopt strategies to reduce debt vulnerabilities.