Global debt hits all-time high – report ...News

Russia Today - Economy
Global debt hits all-time high – report
source : Russia Today ( News ) () 24
The figure is 50% higher than a decade ago, according to a leading trade body The global debt pile soared by $10 trillion to a record high of $307 trillion in the first half of 2023, the Institute of International Finance (IIF) reported on Tuesday. It added that the US, UK, and Japan are among the markets driving the rise. The high interest rate environment seen across most economies has sent the figure surging, making the current debt stock $100 trillion higher than it was a decade ago, according to the IIF. “After witnessing declines of seven consecutive quarters, the global debt-to-GDP ratio has resumed its upw

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