Unmasking the Global Financial Reality - An urgent call for fiscal responsibility
Three key parameters of Financial health - Total Debt that is borrowings including interest, Debt to GDP ratio that is the ability or inability to service the accumulated debt sustainably, and the Inflation which is year over year erosion of purchasing power - directly and indirectly impacts not only every nation’s international sovereign financial status & strength, but also translates down, right up to the well-being of its Citizenry.
$307 Trillion global debt now, up from $255T pre COVID pandemic level, Debt to GDP ratio of 350% now up from 226% pre pandemic level against a normally recommended level of 60% generally, and global inflation at 6.9% against 3.5 % pre pandemic level – reflects a great concern on the quality of fiscal management being exercised at National & International levels, particularly on rising borrowings by Governments and erosion of purchasing power in the hands of public due to pressure of inflation. The high level of Debt-GDP ratio, if unsustainable, simply points to higher sovereign default risk, with its cascading well-known effects all through the financial system outside and within the concerned Nation.
Undoubtedly from above, the Debt emerges as a key area of attention.
Breaking down thus the global debt into its various constituents or components for better understanding is vital. Today, the global borrowings by Governments stands at $92 Trillion up from $70 Trillion, Corporate Debt at $85 Trillion up from $75 Trillion, Household Debt at $55Trillion up from $47 Trillion, Financial sector debt at $6 Trillion up from $5 Trillion and Emerging Market debt at $30 Trillion up from $25 Trillion. This comparison is to give a glimpse between pre & post pandemic situation.
-
LIVE
Matt Kohrs
7 hours agoWARNING! The Stock Market Is In DANGER!!! || The MK Show
2,841 watching -
2:02:35
AP4Liberty
2 hours agoTrump Taps Elon Musk For Govt "Efficiency" Commission
9.58K -
1:52:17
Game On!
9 hours agoChiefs tip toe to victory thanks to refs' help!
4.93K4 -
LIVE
PudgeTV
4 hours ago🟠 ELDEN RING on Rumble | Mourning Death Count Continues
201 watching -
22:35
Lloyd And Mandy
7 hours agoHow We Escaped The Matrix...
7.4K3 -
6:57
Colion Noir
15 hours agoKamala Harris Exploits Georgia Shooting To Push Gun Bans Before Facts Come Out
14.6K44 -
6:44
thetrevorabney
17 hours agoDonald Trump at Arlington National Cemetery
5.67K2 -
12:35
Cody and Kellie
1 day agoTruck Camping on the East Shore (Rhode Islands Best Kept Secret)
8.1K3 -
13:17
DepressedGinger
18 hours ago*UPDATE* Trump strengthens lead over Kamala in critical swing states
6.75K4 -
11:05
Bearing
1 day agoRaygun's First Interview "You Just Don't Understand Break Dancing"
9.74K24