Global debt will reach 277 trillion, will there really be superinflation in 2021?

It is unlikely that the economy will have super inflation in 2021, although 2020 will be full of disasters and difficulties, making the economy all the way, with a global debt of 277 trillion US dollars, but this figure has not yet reached the point of super inflation. We ordinary people don't need to worry about inflation, how to live and how to live.

01. The global economic debt is mainly affected by the epidemic, and the outbreak of the epidemic in 2020 has greatly impacted the global economy. Whether it's medical equipment, or hospital ward expansions. All of them are extremely costly to maintain.

And that's not counting the masks used per capita, as well as the state's medical expenses. These are burdens for most countries around the world, with the United States bearing the greatest burden. The United States has the highest prevalence rate, so he also has the most debt, which was $26 trillion in debt in 2020.

That's the economic impact of the pandemic.

02. The unemployment rate is increasing every year, resulting in the debt ratio has been rising, in addition to the epidemic, there is also the problem of unemployed people, and the current epidemic situation, the unemployment rate is naturally relatively high. With the outbreak of the epidemic in 2020, the company's corporate income has decreased significantly, and it will definitely take the road of layoffs in the end. Far from it, take my company as an example.

Our company's logistics business is mainly based on container logistics and transportation in foreign countries and Hong Kong, Macao and Taiwan. Since January 2020, the company's business has been cut in half. In the end, the boss couldn't bear the loss, and the company of 150 people laid off nearly half of its employees.

In this state, can the global debt be low? There are a large number of people queuing up to receive unemployment benefits alone.

Finally, to sum up, although the global debt seems to be quite large, it does not mean that there will be inflation in 2021. Most of the people nowadays are struggling with mortgages and car loans, and if inflation will crush most of the common people, there must be a way to avoid inflation. It's hard to say about other countries, at least this kind of thing won't happen in our country, you must know that the United States also owes a lot of debt to our country, and even if it swells, the United States will collapse first.

Not necessarily, all countries will have the corresponding means to alleviate this debt crisis, otherwise once it breaks out, it will be an amplified version of the financial crisis of that year, and many countries may collapse their economies as a result.

In 2021, the world will enter the stage of inflation, and all countries are frantically over-issuing currency, and the increase in liquidity in the market will inevitably push up prices.

Yes, because the economy is growing very fast. There is a high probability that there will be superinflation.

Although the global debt in 2020 was 277 trillion US dollars, this figure has not yet reached the point of superinflation, and it does not mean that there will be superinflation in 2021.

Dear dear, in 2021, global public debt growth will be close to about 60 percent of GDP and will probably decline slightly from 2020, but will still remain at about 60 percent. According to the International Monetary Fund, the world's total public debt is expected to reach one trillion dollars in 2021, equivalent to about 98% of global GDP. While this figure is high, it is slightly lower than in 2020, mainly because the global economy has recovered to some extent in 2021.

However, it is important to note that this figure is still very high and may bring certain risks and uncertainties to the global economic and financial system.

The main reasons for the growth of global public debt to near GDP in 2021 include the following:

1.Pandemic shocks: The pandemic has had a profound impact on the global economy, with many countries making massive fiscal spending in response to the pandemic, leading to rapid growth in public debt.

2.Recession: As a result of the pandemic-induced recession, many countries have reduced tax revenues, increased fiscal spending, and increased public debt.

3.Low interest rate environment: Interest rates are at historically low levels in many countries due to the global economic downturn and the monetary policies of banks, which makes it easier to finance and has also led to an increase in public debt.

4.Climate Change Rounds: Global climate change has also become a significant risk factor, and the financing needed to combat climate change has led to an increase in public debt.

In summary, there are many reasons for the growth of global public debt to close to GDP in 2021, and measures need to be taken to strengthen fiscal management to control the continuous growth of orange debt.