The IMF projects that global liabilities will increase consecutively year after year until reaching 99% of the Gross Domestic Product (GDP) in 2029, driven by China and the United States. Sudan, Japan, and Singapore will accumulate the largest liabilities, according to the International Monetary Fund.
Also, among the list of the most indebted are Greece, France, and Spain, which occupies thirteenth position with a rate of 104% at the end of this decade. If these projections materialize, the maximum that was reached during the covid crisis would end up being a very distant memory, but in no case would they resemble the levels prior to the pandemic. The encouraging news is that even so, Spain would be one of the few States that would maintain the downward trend, unlike the global trend. The organization led by Kristalina Georgieva attributes this to the gradual rate increases, which raised the level of spending due to the interest generated. Added to this was the disbursement made by governments to alleviate the harmful effects of the pandemic and the inflation crisis, particularly due to energy price shocks.