Financial and Monetary Systems

This chart shows how global debt comes in waves – and, right now, we’re in the middle of the biggest one yet

There have been four waves of debt accumulation in the global economy since 1970. Image: Unsplash/rupixen.com

Victoria Masterson

Senior Writer, Formative Content

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Financial and Monetary Systems

The fourth wave of global debt started in 2010 and is already the largest of them all. Image: IMF, World Bank
$12 trillion has been spent so far on the global response to COVID-19, according to Vitor Gaspar, Director of the IMF’s Fiscal Affairs department. Image: IMF

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Financial and Monetary SystemsDevelopment FinancePublic Finance and Social ProtectionThe Davos Agenda 2021

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