Reported about 12 hours ago
According to the Institute of International Finance, global debt surged by approximately $7 trillion in 2024, reaching a historic high of $318 trillion. This increase marks a cautionary sign for financial markets as debt relative to GDP also rose for the first time in four years amidst slowing economic growth. The IIF anticipates high borrowing levels to persist in major economies but expects a slower pace of debt accumulation due to economic uncertainties and elevated borrowing costs.
Source: YAHOO