The tally soared to a record $305 trillion in the first quarter of this year, driven by the US and China, a researcher says The world’s two largest economies were the heaviest borrowers in the first three months of this year as global debt climbed to above $305 trillion, the Institute of International Finance (IIF) reported on Wednesday. Its data showed that China’s debt increased by $2.5 trillion over the first quarter and the United States added $1.5 trillion. The total debt in the Eurozone declined for a third consecutive quarter, the IIF said. According to the analysis, many countries, both emerging and develo
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