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IIF Report on debt
February 21 , 2021
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- The Institute of International Finance (IIF) has reported that, World debt reached record $281 trillion at end of 2020
- This accounts for more than 355 per cent of global GDP.
- This will increase by another $10 trillion in the year 2021 since the political and social pressures pushes for more spending.
- This in turn will increase the debt load past $92 trillion with the end of 2021.
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