Global Debt-to-GDP Ratio Seen Rising by 14%

S&P Global expects global debt to reach $200 trillion, amounting to 265% of the world’s GDP, by the end of 2020, Reuters reported.

The 14% increase in the global debt-to-GDP ratio comes amid increased borrowing to face the economic consequences of the Coronavirus crisis.

The ratings agency does not see a debt crisis looming, according to its most recent report.

A decline in the ratio to 256% by 2023 is expected, as long as the economic recovery continues after the pandemic.