Global debt rose by $2.1 trillion to $312 trillion in the first half of 2024, well below the $8.4 trillion rise in the first half of 2023, according to a report by the Institute of International Finance.
The report highlighted that the rise was uneven with most of the increase coming from China and the United States, followed by India, Russia, and Sweden.
By contrast, many European countries and Japan have seen their total debt drop significantly. Total global debt stood at $312 trillion at the end of June, of which $101.3 trillion was emerging market debt, compared to$210.5 trillion for developed markets.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
