The analysis covers the period from the late 2000s to the early 2020s. One of the main consequences of rising interest rates, according to EDB experts, has been the increase in debt burden.
In developed countries, the ratio of public debt to GDP increased from 104% in 2019 to 115% by 2024, while in developing countries this figure rose from 56% to 70% of GDP.
The EDB data also indicates a decline in overall investment activity.
“In developed economies, corporate investments in 2023-2024 are expected to increase by an average of only 1% per year, which is significantly lower than the average annual growth rates of 2-4% during the period from 2000 to 2019,” the researchers note.
