Trade and Investment

The impact of public debt on investment and growth

A man counts his currency after buying food from a street side restaurant in New Delhi, India, February 29, 2016. India unveiled a fire-fighting budget on Monday that seeks to win back support among rural voters for Prime Minister Narendra Modi's government and sustain growth against a grim global backdrop - all without borrowing more.  REUTERS/Adnan Abidi  - GF10000328044

Total outstanding public debt doubled from $35 trillion in 2007 to $70 trillion at the end of 2018. Image: REUTERS/Adnan Abidi

Huang Yi
Executive Vice-President, China Construction Bank
Richard Varghese
economist, IMF’s European Department.
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Binned scatterplot (60 bins) controlling for country and year fixed effects.
Binned scatterplot (60 bins) controlling for country and year fixed effects. Image: Own elaboration based on IMF World Economic Outlook
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Trade and InvestmentBanking and Capital MarketsFuture of WorkEconomic Progress
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