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Global debt has grown to $315 trillion this year — here’s how we got here

Posted on AllSides May 29th, 2024
From The Center
ANALYSIS

The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.

This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic.

“This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets, where debt surged to an unprecedented high of over $105 trillion—$55 trillion more than a decade ago,”  the IIF said in its quarterly Global Debt Monitor report released in May.

Around two-thirds of the $315 trillion owed...

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https://www.cnbc.com/2024/05/29/global-debt-has-grown-to-315-trillion-in-2024.html

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