Reported about 18 hours ago
The global debt has surged to nearly $323 trillion, an increase of over $12 trillion in the first three quarters of 2024, driven by declining borrowing costs and heightened risk appetite, according to a report by the Institute of International Finance. The report warns that large government deficits may push sovereign debt to $130 trillion by 2028, increasing repayment risks and fiscal strains. Economic growth, especially in the U.S., has led to a drop in debt-to-GDP ratios; however, rising interest costs and potential trade tensions could exacerbate economic challenges globally.
Source: YAHOO