The Institute of International Finance report showed pessimistic indicators regarding the global debt-to-GDP ratio, which increased last year for the first time since 2020.
The global debt stock hit a new record high at the end of 2024 of $ 318 trillion at a time when the global economy is suffering from slowing growth.
Global debt rose by seven trillion dollars, an increase of less than half the increase in 2023 when expectations of interest rate cuts from the US Federal Reserve led to a wave of borrowing. The institute warned that bond watchers could punish governments if growing fiscal deficits persist.
Source (Al-Arab Newspaper of London, Edited)
