Never so indebted, states pay less and less

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The equivalent of eight years of debt. In one year, this is what states have borrowed to deal with the covid crisis. In absolute terms, the loans made since the start of the pandemic have reached the sum of 93 trillion dollars (about 85,529 billion francs), or nearly 15% of global GDP, according to a study by Janus Henderson, published on Monday. In total, global debt increased by 17.4%.

Read also: Debt is exploding. So what?

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