Surging post-Covid global debt a major concern

New Delhi: Surge in global debt following Covid-19 is a major concern as it has reached $92 trillion, accounting for about 92 per cent of global GDP in 2022, according to a recent report by credit rating agency CareEdge Ratings.

Nearly $19 trillion, or about 20 per cent of this global public debt, has been accumulated since the onset of 2020. According to data from the International Monetary Fund (IMF), this Global Public Debt is expected to surge to $132 trillion by the year 2028. The escalation of global debt has emerged as a major concern in the aftermath of the Covid-19 pandemic, reveals a report by CareEdge Ratings.