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 Latest Surge in Global Debt, Slower Growth and Inflation Cause Debt Ratio Rise
Global debt has hit a record $307 trillion in Q2 of 2023, jumping by $10 trillion in the first half of the year despite rising interest rates that have been curbing bank credit, Reuters and Bloomberg informed, quoting a report by the IIF. https://news.bitcoin.com/global-debt-spikes-to-record-307-trillion-driven-by-us-developed-nations/?utm_source=news&utm_medium=social_shares&utm_campaign=news_article_social_shares via @BTCTN
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