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> The world's debt-to-GDP ratio rose to 356% in 2020, a new report from the Institute of International Finance finds, up 35 percentage points from where it stoo
by tppiotrowski 6y ago
> The world's debt-to-GDP ratio rose to 356% in 2020, a new report from the Institute of International Finance finds, up 35 percentage points from where it stood in 2019
According to first graph:
2019 - 320%
2020 - 356%
How is this a 35% increase?
- amusablelemur 6y agoIt's not. It's an increase of "35 percentage points" and not "35 percent"
- pif 6y ago356 - 320 = 36 "up 35 percentage points" does not mean the same as "a 35% increase".