Your wording regarding the extent of debt is different in the printed NYT version of the above analysis: "..the companies and countries around the world that have borrowed in dollars, to the tune of more than $22 trillion by 2019.."
According to a chart from IMF, in 2020, NFC debt alone was about 98% of the world GDP, i.e., about $83 trillion.
Your wording regarding the extent of debt is different in the printed NYT version of the above analysis: "..the companies and countries around the world that have borrowed in dollars, to the tune of more than $22 trillion by 2019.."
According to a chart from IMF, in 2020, NFC debt alone was about 98% of the world GDP, i.e., about $83 trillion.
https://www.imf.org/wp-content/uploads/2021/12/FINAL-eng-global-debt-blog-dec-8-chart-127.jpg