IMF: Global debt soars to highest since World War II

With global public debt to GDP standing at 98% at the end of 2020, at levels not seen since the end of World War II, fiscal rules must change in the face of the pandemic-induced crisis, the International Monetary Fund (IMF) said on Thursday. At the end of 2019, just before the outbreak of the coronavirus pandemic, global debt to GDP stood at 84%.

Source: El Espectador