"At the end of 2023, the total volume of sovereign debt and corporate bond debt was close to 100,000 billion dollars, or a share comparable to that of world GDP": this is what emerges from the first OECD report on world debt, published today.
In this context, the OECD secretary general, Mathias Cormann, invites member states "to direct public spending more precisely and to place greater emphasis on investments in sectors that favor returns to scale as well as lasting growth".
"Market surveillance authorities - continues Cormann - must be very attentive to both the sustainability of debt in the corporate sector and the global exposure of the financial sector".
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