11:52 - 19.11.2020

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November 19, Fineko/abc.az. The global debt can reach a record high by the end of 2020, increasing up to $277 trillion, ABC.AZ reports with reference to the Washington International Financial Institute.

The economic downturn caused by a new type of coronavirus infection has increased the world's debt by $15 trillion since the end of last year.

As a result, the amount of the global debt by the end of Q3 of 2020 reached a record level of $272 trillion. Experts consider that the level of debt of the financial sector in the world will reach $210 trillion compared with 2019. In 2019, this figure was $194 trillion.