Low interest rates and strong growth might cause risks to be underestimated. Germany’s economy is in good shape at the moment, and it's not alone – the global economy, too, is expanding at a brisk pace.
The World Bank’s 2020 International Debt Statistics2 has designated SSA as the region with the fastest-growing debt levels in the world, the pace of increase raising concerns about debt sustainability on the continent. According to the International Monetary Fund (IMF), about 40% of countries on the continent are currently at distressed levels.