Category: global debt

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Record $307 Trillion Global Debt Puts World Economy on Alert

September 21, 2023

In the first half of 2023, global debt increased by $10 trillion, reigniting concerns about its impact on the world economy and the potential for a financial crisis, according to data released by the Institute of International Finance (IIF) on Tuesday.  The report disclosed that the overall debt has climbed to an unprecedented $307 trillion,…
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Global Debt Spikes to Record $307 Trillion Driven by US, Developed Nations

September 20, 2023

The world’s debt has surged to a record high level in the second quarter, according to the Institute of International Finance (IIF). The increase has also helped lift the global debt-to-GDP ratio which had been declining for seven quarters but is now projected to reach 337% by the end of this year. Major Markets Behind…
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