Economic Pulse: Can the World Reverse Decades of Financial Overload?

Although the global debt has receded in 2023 from record levels reached post-pandemic, the world is still grappling with debt addiction

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While debt can stimulate growth and bridge gaps during economic downturns, it becomes problematic when mismanaged or overleveraged. Maintaining a balance between borrowing and repayment capacity is critical to ensuring long-term stability and prosperity, whether for nations or individuals. The picture is not very rosy, when we analyze the current global debt data. It has been steadily climbing for decades, reaching unprecedented levels during the COVID-19 pandemic.