Biography
Naotaka Sugawara is a Senior Economist in the Prospects Group at the World Bank.
Previously, he was an economist in the Research Department of the International Monetary Fund and in the World Bank’s Office of the Chief Economist for Europe and Central Asia. He also worked in the Poverty Reduction and Economic Management Unit of Europe and Central Asia Region and in the Development Research Group at the World Bank. He has numerous research publications related to economic growth, international economics and finance, fiscal policy, and financial sector development. He received a Master’s degree in International Development from the University of Pittsburgh and a B.A. in Political Science from Meiji University, Tokyo.
Chart about Something
Global Debt
- Global debt, including both government and private debt, exceeded 260 percent of GDP in 2020
- An annual change in debt in 2020 was the largest single-year increase. The second largest increase was in 2009 for government and total debt and 1986 for private debt
- There are costs associated with elevated debt, for example, increasing vulnerability to unexpected shocks and financial market disruptions