Low interest rates and cheap goods over decades made money easy to borrow, which ballooned global debt; the pandemic then stalled growth while the Ukraine war shot up food and energy prices, forcing developing countries to continue borrowing despite constrained fiscal capacity.
causalpending
Speaker
Ian BremmerEvidence Quote
“Decades of low interest rates and cheap goods made money easy to borrow that in turn ballooned debt globally then Along came a pandemic which stall growth and a war in Ukraine that shot up food and energy prices”
Source
Fix the global debt crisis before it's too late, warns World Bank's David Malpass— GZERO MediaCreated: 8/12/2026, 6:44:21 PM
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