Global debt hits record of nearly $338 trillion, says IIF
NegativeFinancial Markets

The Institute of International Finance (IIF) has reported that global debt has surged to a staggering $338 trillion, marking a record high. This alarming figure highlights the growing financial burdens faced by countries worldwide, raising concerns about economic stability and the potential for a financial crisis. With rising inflation and interest rates, the implications of such high debt levels could lead to significant challenges for governments and businesses alike, making it a critical issue to monitor.
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