The analysis covers the period from the late 2000s to the early 2020s. Experts note that one of the consequences of rising interest rates has been an increase in debt burden.
In developed countries, the average level of government debt rose from 104% of GDP in 2019 to 115% of GDP by 2024, while in developing countries it increased from 56% to 70% of GDP.
Additionally, according to EDB data, there is a decline in overall investment activity.
“In developed economies, corporate investments are expected to grow by an average of 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,” the authors of the study claim.
