Corporate debt reached $236 trillion in the first quarter of this year, up $40 trillion from the two years before the pandemic began. The organization, which includes more than 400 banks and financial institutions around the world, estimates that the debt-to-GDP ratio is about 15 percentage points lower than its peak in the first quarter of 2021.
Much of the debt still falls to developed economies, to $206.7 trillion after $204.4 trillion in the first quarter of last year, while developing country debt rose from $89 trillion to $98.6 trillion, according to MTI Eco.
In the first quarter, the debt burden increased mainly due to two countries, with China increasing $2.5 trillion and the United States $1.8 trillion year on year. In contrast, in the euro area, the debt burden fell for the third consecutive quarter.
Global government debt totaled 103 percent of GDP in the first quarter of this year, up 14 percentage points to $17.4 trillion since the pandemic began.
like before screwed According to preliminary data, Hungary’s general government deficit in 2021 amounted to HUF 3,736 billion, or 6.8 percent of GDP. The balance was HUF 25 billion or 1.0 percentage point more favorable than the GDP compared to the previous year
