NATIONAL DEBT AS A PERCENTAGE OF GDP 2007 | PRE-GLOBAL FINANCIAL CRISIS 100% or more 75% - 100% 50% - 75% 25% - 50% Less than 25% Not in FM sample 2020 | COVID-19 100% or more 75% - 100% 50% - 75% 25% - 50% Less than 25% Not in FM sample Source: International Monetary Fund. A MORE CONTESTED WORLD 45