This change occurred during the period from the late 2000s to the early 2020s. EDB experts emphasize that one of the consequences of rising interest rates has been a significant increase in debt burden.
In particular, in developed countries, the level of government debt rose from 104% of GDP in 2019 to 115% of GDP by 2024. In developing economies, this figure increased from 56% to 70% of GDP.
Furthermore, EDB data indicates a decline in overall investment activity.
"In developed economies, corporate investment is expected to increase by only 1% per year in 2023-2024, which is significantly lower than the average annual growth rates of 2-4% during the period from 2000 to 2019," researchers report.
