The UNCTAD reported on the contributions of the private sector to global GDP recently. In this context, consider the following statements:
1. The public sector debt constitutes a greater part of GDP than the private sector debt.
2. The UNCTAD predicts that the private sector will enable the achievement of Sustainable Development Goals by 2030.
Which of the above statements is/are true?

A. Only 1 is correct

B. Only 2 is correct

C. Neither 1 nor 2 is correct

D. Both 1 and 2 are correct

Answer: Option C