Global Perspective on the Scale and Structure of Non-Financial Sector Debt
DOI: 10.23977/ferm.2023.060805 | Downloads: 4 | Views: 341
Author(s)
Xiaoxue Zhang 1, Shizheng Li 2
Affiliation(s)
1 School of Management Science and Engineering, AUFE, Bengbu, China
2 School of Finance, AUFE, Bengbu, China
Corresponding Author
Xiaoxue ZhangABSTRACT
This article first introduces the indicators, statistical definitions, and data sources related to non-financial sector debt in the GDD dataset. It then analyzes the current size and regional distribution of global non-financial sector debt in 2021, and further examines the trends in global debt size, sectoral structure, and regional composition over a longer period preceding the outbreak of the COVID-19 pandemic. This article highlights that a critical concern for major economies across the globe is the substantial accumulation of debt burden weighing on the real economy. Consequently, there is an urgent need for countries to establish an alternative economic growth model that is not excessively reliant on credit creation. Effective management of debt size and optimization of debt structure have emerged as pressing imperatives to address this issue.
KEYWORDS
GDD; non-financial sector; debt governanceCITE THIS PAPER
Xiaoxue Zhang, Shizheng Li, Global Perspective on the Scale and Structure of Non-Financial Sector Debt. Financial Engineering and Risk Management (2023) Vol. 6: 43-48. DOI: http://dx.doi.org/10.23977/ferm.2023.060805.
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