The world’s post-pandemic agenda: Global debt
Although the COVID-19 pandemic continues to be the number one item on the global agenda, climate change, cyberterrorism (including the spread of misinformation on social media) and global and regional geopolitical uncertainties and threats continue to raise concerns amidst the global pandemic.
However, the day the effects of the pandemic begin to wane, a rather difficult challenge awaits the world economy: the global debt spiral. Global debt, which is expected to reach $300 trillion, or 365% of global gross domestic product (GDP), by the end of 2021, scares many international institutions.
Debt numbers
Global debt, which was $260 trillion when the pandemic broke out at the beginning of 2020, has already reached $290 trillion by the autumn of 2021. With an increase of $3 trillion, global debt, which was $242 trillion in 2017, reached $245 trillion in 2018 and $257 trillion in 2019.
It then jumped to $281…
