IIF: global debt soars to%336of GDP to$307 trillion for the 1st time
The Institute of International Finance (IIF) announced that global debt has soared to a fresh record of $307 trillion (£248 trillion) as governments and financial services companies fuel a jump in borrowing as borrowers added $10 trillion to the debt mountain in the first half of 2023 that total debts now amount to % 336 of global GDP, an increase compared with the second half of 2022, in the