In a reflection of the COVID-19 crisis and ensuing governmental measures, Global debt/GDP skyrocketed to an all-time high in the first quarter of 2020, Zero Hedge reports. Overall debt for the non-financial sector has jumped from 241% of global GDP at the end of 2019 to 252% of global GDP now. This is the biggest jump ever recorded by the Bank for International Settlements (BIS).
The post Global debt has sky rocketed appeared first on Worthy Christian News.