Global debt rises to record 226 trillion dollars in 2020 amid Covid-19 pandemic: IMF

Global debt rose to a record 226 trillion dollars in 2020 as the world was hit by the raging Covid-19 pandemic and a deep recession, the International Monetary Fund announced. Global debt rose by 28 percent, to 256 percent of gross domestic product in 2020, the largest one-year debt surge since World War II, the director of the IMF's Fiscal Affairs Department, wrote in a blog yesterday with his colleagues, citing figures from the IMF's latest Global Debt Database. Debt increase...