Dione.mp4

  • 8 months ago
Transcript
00:00 It seems that the previous state's credit rating has started to improve and the level of global economic growth may have a port that S&P Global will fill in its report, which finds that after six years from now, the levels of the world's debt will reach three times what the world produces, to about $337 trillion.
00:28 We are talking about the rise of debts and the reason is that the cost of debt, with the rise of interest rates, makes the debt in general more valuable.
00:38 The reason is not that the debtors have become more or the value of the debt has become more, but the cost of debt has become higher and this has been reflected clearly in the debt, which is growing.
00:58 The current level of the world's debt is $225 trillion, which is expected to reach $336 trillion in 2030, which is a comparison of the total GDP of the year 2021 to the year 2030, which is a very high rate of 80%.
01:22 We found that two countries at the head of this global debt, namely the United States and China, exceed 120% of the GDP.
01:32 But the reason that these debts are paying additional costs is to finance the transition to the year 2030, with a total value of $37 trillion. The climate change takes 25 trillion.
01:48 The digital transformation, as well as the Sheikhukha programs and other global debt, with the cost of transformation, will rise to $373 trillion, which of course reaches 254% of the total GDP.
02:02 In terms of these global debt levels, we are talking about a great bill for debts, which is developing interest rates on debts in the trillion dollar. For example, in 2019 it was around 6 trillion, and in 2023 it became 9 trillion due to the increase in interest rates.
02:22 It is expected to reach 13 trillion, although the central banks announced that they will start taking a reverse direction in terms of interest rates.
02:32 The cost of reducing the climate work by the year 2050 is paid by the debt of developing countries or far from paying in the growth rate in this sector, which is four times higher than the rich countries.
02:44 The average income of the world is 12% of the total local income.
02:49 What do we expect for the world's two largest economies? The debt ratio to the total local income in the United States in the year 2030 reached 269% of the total global debt.
03:01 95% of the total global debt, which is a very high rate, will reach 53% of the total global debt, or more than half of the global debt.
03:13 How do we face the global debt crisis? By making the climate change process and digitalization in all the countries of the world, and the combination of public and private capital.
03:22 In addition, the total debt in the United States and China by the year 2030 will be mostly attributed to spending on military equipment, especially with the rise of geopolitical differences around the world.
03:35 These were the most prominent movements in terms of the levels of global debt.