A report issued by the Institute of International Finance showed that global debt increased by about $ 7.5 trillion in the first three months of this year, reaching an unprecedented high level of more than $ 324 trillion.
China, France, and Germany were the biggest contributors to the global debt increase, while debt levels fell in Canada, the United Arab Emirates, and Turkey.
In its report on the World Debt Monitor, the institute indicated that the sharp decline in the value of the US dollar against the currencies of major trading partners contributed to the increase in the value of debt in dollars, but the rise in the first quarter was more than four times the average quarterly increase of $ 1.7 trillion monitored since the end of 2022.
Source (Al-Arabiya.net Website, Edited)
