I recorded a record level … the world’s rise in 2024

A report by the International Finance Institute showed that the global debt rate to GDP increased last year for the first time since 2020, as the global debt balance recorded a new record at the end of the year, which amounted to 318 trillion dollars at a time when the global economy suffers from slowing down.

The rise in the global debt was seven trillion dollars, which is less than half of the increase that occurred in 2023, when the expectations for reducing interest rates from the Federal Reserve led to a wave of borrowing. But the International Finance Institute warned that those who are called bond monitors may punish governments if the increasing financial deficit continues.

The institute said: “The increased scrutiny of the financial balances, especially in countries with highly polarized political systems, was a prominent feature for the past few years.” (Sky News)