COVID-19

The pre-pandemic debt landscape - and why it matters

Economic collapse on top of elevated debt is leaving some countries vulnerable in their recovery. Image: REUTERS/Lucas Jackson

Susan Yang

Senior Economist, Fiscal Affairs Department, IMF

Xuehui Han

Economist, Fiscal Affairs Department, IMF

Paulo Medas

Deputy Division Chief, IMF’s Fiscal Affairs Department

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 a graph comparing debt levels in 2007 and 2019
Debt levels are much higher now, than they were before the 2008 financial crisis. Image: IMF
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COVID-19Pandemic Preparedness and ResponseEconomic Progress

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