Due to the coronavirus pandemic, the global economic situation experiences situations that were only experienced in times of wars or international catastrophes.

Inflationary processes are in all nations and some of them, as is the case in the United States, they already announce measures with which they plan to change this by 2022.

In this context, a report carried out by the International Monetary Fund shows that 2020 saw the largest increase in debt in a year since World War II. “World debt increased 28 percentage points to 256% of global GDP“, Vitor Gaspar, Paulo Medas and Roberto Perrelli commented in a text that the organization published.

One of the key points highlighted by specialists is that over the next year, governments will have to find a balance point between high indebtedness and rising inflation. “A significant tightening of financial conditions would exacerbate pressure on the most indebted governments, households and companies“, they explained in that sense.

According to the report, to find a moment in history where so much debt has been taken on in one year you have to go back to the WWII. Although debt levels were high before the pandemic, they never matched those at that time when humanity suffered one of its worst warfare.

“Governments face a world with unusually high levels of public and private debt, new mutations of the virus and rising inflation “, they commented from the International Monetary Fund. Along these lines, they add that monetary policies today are reoriented towards increasing inflation.

“Public debt contributed a little more than half of the increase, and the public debt ratio soared at an unprecedented level of 99% of GDP; and the private debt of non-financial companies and households also reached new highs, “they explain.

According to the IMF, advanced economies and China They accounted for more than 90% of the $ 28 trillion debt increased in 2020 as most developing economies face limited access to funds and often higher interest rates.

“If the public and private sectors are forced to deleverage simultaneously, growth prospects will be clouded“The report’s authors noted. Both emerging market and low-income countries face high debt ratios due to a sharp decline in nominal GDP in 2020.

Public debt in emerging markets reached record highs and in low-income countries it rose to levels not seen since 2000. The sharp increase in debt was justified by the need to “protect people’s lives, preserve jobs and avoid waves of bankruptcies “, they explained, and highlighted that” if governments had not taken measures, the social and economic consequences would have been devastating“.

SOURCE:https://brandspurng.com/2021/12/21/global-debt-reaches-a-record-226-trillion-2/

By the time sheikh buhari is done with zoogeeria,ISWAP commander go shout "Jesus is Lord and master"

CaptainAyub:
By the time sheikh buhari is done with zoogeeria,ISWAP commander go shout "Jesus is Lord and master"

Sigh… i really want to believe this is sarcasm with a finess touch but bruhhhhhhhhh.

Negro you dumb AF!
How can the topic and its contents speak about “GLOBAL DEBT” and the first thing that comes to your mind is buhari and nigeria?

Clap for yourself docket

Unlettered:


Sigh… i really want to believe this is sarcasm with a finess touch but bruhhhhhhhhh.

Negro you dumb AF!

Says an abokki who congenitally has a low IQ.
Fork off
Is buhari not borrowing and racking up debt?

What do u expect when you tell people to stop productivity for a whole year bcoz of "Corona" !

Lai Muhammad should coman debunk this rumour and tell us the real amount...


This govt came to finish Nigeria and if there will be Nigeria on 2022 if they continue like this cos China will take over Nigeria cos of debt...

chaiii
see money

I am sure USA owes the most...

asorockvibesblo:
See figure

Nigeria"s debt is about 10% of it

That's 22.6 trillion... That is almost 9 times the size of Africa's GDP....

Make una dey fear God nah.... Why you con hate your country like this..

How much loan did Nigeria collect again?

Have you ever wondered where all the accumulated loan is actually leading us to....??




DEBT COLONIALISM


That's what it is....

See figure

Nigeria"s debt is about 10% of it

maybe we should call on god to bail us out.

Vickym1:
Lai Muhammad should coman debunk this rumour and tell us the real amount...


This govt came to finish Nigeria and if there will be Nigeria on 2022 if they continue like this cos China will take over Nigeria cos of debt...

all the debts buhari inheritted do we have anything to show for it?

At least for the first time nigeria loan is been used and not diverted for looting.

We can see all the loan infrastructure working , show us what pdp did with loans they collected for 16 years

Governments face a world with unusually high levels of public and private debt, new mutations of the virus and rising inflation “, they commented from the International Monetary Fund. Along these lines, they add that monetary policies today are reoriented towards increasing inflation.

“Public debt contributed a little more than half of the increase, and the public debt ratio soared at an unprecedented level of 99% of GDP; and the private debt of non-financial companies and households also reached new highs, “they explain.

This is what many quack economists wailers don't get, the world is facing an unprecedented challenge.

asorockvibesblo:
See figure

Nigeria"s debt is about 10% of it

Did you go to school? Or are just itching to say rubbish? Do you know what 10% of $227 trillion ($22.7 trillion) is? What is Nigeria's current debt? It is not up to a $100 billion. Most you guys spew ignorance with so much confidence!

Ha! Who we dey owe?
God? No!
Abi na Aliens
Make dem come make we renegotiate na
E things for this side

Debt must be owed before it is Debt
Who we con owe?
Maybe na me, wetin Buhari con dey look?
I blame him

I always avoid anything that will make me pay Tax in Nigeria, I can't be the one who helps dubious government officials to live large

Just look at some of the comments up there.

People don’t even read to understand. The topic is about world governments put together. How can Nigeria alone be owing over 200 Trillion dollars

vedaxcool:


Did you go to school? Or are just itching to say rubbish? Do you know what 10% of $227 trillion ($22.7 trillion) is? What is Nigeria's current debt? It is not up to a $100 billion. Most you guys spew ignorance with so much confidence!

Very pathetic.

If every country is owing then who are they owing?

The main problem this nation has is the abundant bunch of nitwit who claim to be educated yet comment on issues that they never read about or read without comphrension..... Twitter and Nairaland shows clearly ignorance thrives in this country

I see people mentioning Buhari upandan..una no read the post?Global not Nigeria..
Every country dey owe one debt or the other..so what's the insult all about..
Note if you don't get my point then no come my mention dey rant oo..

Vickym1:
Lai Muhammad should coman debunk this rumour and tell us the real amount...


This govt came to finish Nigeria and if there will be Nigeria on 2022 if they continue like this cos China will take over Nigeria cos of debt...

CaptainAyub:
By the time sheikh buhari is done with zoogeeria,ISWAP commander go shout "Jesus is Lord and master"

Ona mumu I swear.
If u had read the title and digest it, u would have saved urself the embarassment

Sounds funny though.. what's the essence of these debts

Unlettered:

CaptainAyub: :
By the time sheikh buhari is done with zoogeeria,ISWAP commander go shout "Jesus is Lord and master" cheesy

Sigh… i really want to believe this is sarcasm with a finess touch but bruhhhhhhhhh.

Negro you dumb AF!

Really dumb AF

Opexzy:
I am sure USA owes the most...



That's 22.6 trillion... That is almost 9 times the size of Africa GDP....

Make una dey fear God nah.... Why you con hate your country like this..

You are comparing USA debt to Nigeria , You dey MENT sha, when USA has something to account for the borrowing including giving Aid to you and your likes...what has NIGERIA done or show with theirs .. BMC ALL OF UNA DEY MENT.

P.s
Don't quote because if you do na Ogun , Ayaela and Amadioha go kill you and your lots for always supporting evil and mortgaging the future of unborn generations for peanuts.... ADAMU.

Vickym1:
Lai Muhammad should coman debunk this rumour and tell us the real amount...


This govt came to finish Nigeria and if there will be Nigeria on 2022 if they continue like this cos China will take over Nigeria cos of debt...

Did you read the article or you're so dumb?

Omo see money