đ± Global debt is rising, reaching around $315 trillion by 2024, up about 21% since 2020 due to the impact of the COVID-19 pandemic.
Meanwhile, the debt as a percentage of GDP (debt as % of GDP) represented by the blue line is on a downward trend, from a high of around 370% in 2020 to around 330% in 2024.
This shows that global debt is increasing while GDP growth tends to slow down. This is a worrying situation regarding the imbalance between economic growth and the global debt situation.
PS: Is this one of the signs that the economy will go into recession? no matter what happens, we should still plan for the worst case scenario to deal with it, avoid the situation of water up to the neck and then start swimming. đ
