Global public debt reaches $ 78 trillion

In 2020, global public debt will rise by about $ 10 trillion (14.7%) to $ 77.8 trillion, Report mentions, referring to the international rating agency Fitch.

Thus, global public debt currently accounts for 94% of the value of global Gross Domestic Product (GDP).

The agency also said that last year was the same as the overall growth in 2012-2019: "Different countries have rapidly increased their public debt, which has negatively affected their credit ratings. Last year, the credit ratings of 33 countries were downgraded, including 27 developing countries."