WASHINGTON, Dec 16 — Global debt rose to US$226 trillion in 2020 after seeing its biggest yearly increase since World War II, with richer nations doing most of the borrowing, the IMF said Wednesday.
“The large increase in debt was justified by the need to protect people’s lives, preserve jobs and avoid a wave of bankruptcies. If governments had not taken action, the social and economic consequences would have been devastating,” IMF officials wrote in a blog outlining the latest update to the Washington-based crisis lender’s Global Debt Database.
The global public debt ratio hit a record high of 99 per cent of GDP, and borrowing by governments accounted for more than half of last year’s overall increase, while household debt also posted its own record, the IMF said.
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Abim lauds Uyghur tribunal findings, wants world to 'open its eyes'China has said that the tribunal is a political tool. Poor u for believing such propaganda from US 😢 Abim is so stupid!!!. He supports Cold War with China. Have you been to Xinjiang before. Don't talk or else you will be sanctioned by People Republic Of China of your actions and xenophobia towards the Chinese Community. Malaysia is full of useless ppl that want to be famous. Worry of your own country where inequality is happen everyday since independent against other race yet said nothing. When you can't treat others fairly then don't act as you r watchdog for others... making ppl laugh.
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Source: malaymail - 🏆 1. / 86 Read more »
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Source: malaymail - 🏆 1. / 86 Read more »
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Tired Zii Jia survives scare to reach World Championships third roundPETALING JAYA: World No. 7 Lee Zii Jia survived yet another scare at the World Championships as he was stretched to three games by Brazil's Ygor Coelho before advancing into the third round.
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