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Emergency Virus Spending Will Push Global Debt Ratio Above 100%

Source: Bloomberg

Emergency spending by governments to tackle both the health calamity and economic fallout from the coronavirus is set to push the global debt ratio above 100% for the first time.

The jump in the burden this year alone is forecast by the International Monetary Fund to be close to 19 percentage points, dwarfing the increase in 2009 during the global financial crisis.

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