🔴Global debt reaches record $348 trillion, sharpest increase since the pandemic.
A report by the Institute of International Finance (IIF) shows that total global debt increased by $29 trillion in just one year, primarily driven by developed economies such as the US and Europe due to increased deficit spending and strategic investments. Despite the surge in debt, the global debt-to-GDP ratio fell for the fifth consecutive year to 308%, reflecting continued economic growth supporting debt absorption capacity. Conversely, emerging markets face significant pressure as refinancing needs exceed $9 trillion, increasing financial risks amid volatile global liquidity.
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🔴Global debt reaches record $348 trillion, sharpest increase since the pandemic.
A report by the Institute of International Finance (IIF) shows that total global debt increased by $29 trillion in just one year, primarily driven by developed economies such as the US and Europe due to increased deficit spending and strategic investments. Despite the surge in debt, the global debt-to-GDP ratio fell for the fifth consecutive year to 308%, reflecting continued economic growth supporting debt absorption capacity. Conversely, emerging markets face significant pressure as refinancing needs exceed $9 trillion, increasing financial risks amid volatile global liquidity.
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