The looming global debt disaster Indermit Gill June 09, 2025 This page in: English Français Español العربية 中文 © 2025 World Bank Group.

https://blogs.worldbank.org/en/voices/the-looming-global-debt-disaster Despite a succession of shocks since 2020, the global economy has held up remarkably well—so far. But the margin for error is dwindling. Total global debt is now nearly 25 percent higher than it was on the eve of the COVID-19 pandemic, when it already was at an all-time high. This overhang could undercut all economies’ ability to shield themselves against the latest shock: higher trade tariffs. © 2025 World Bank Group.