Total global debt increased by $10 trillion in the first half of 2023, reaching $307 trillion. This is a new all-time high. This was reported by Institute of International Finance.
80 percent of the increase is experienced in large developed countries, especially the USA, Japan, England and France. Leading developing countries (China, India and Brazil) also showed significant debt growth.
Russia’s debts increased in all major sectors (government, corporate, financial and household sectors).
Researchers believe that global debt dynamics may change in the second half of 2023. However, despite falling inflation rates, the ratio of global debt to GDP remains at record levels.
On the eve of US national debt for the first time exceeded 33 trillion dollars.
Previously the USA will be updated Public debt record.