🚨 GLOBAL DEBT SKYROCKETS TO $315 TRILLION
The world's debt hit a jaw-dropping $315.1 trillion in early 2024, climbing $1. three trillion in 3 months!
Debt now equals 333% of world GDP.
The U.S. and Japan led the borrowing frenzy in superior economies, at the same time as China, India, and Mexico carried the torch for rising markets.
Since the pandemic, worldwide debt has ballooned by $54.1 trillion, up 21%.
Non- economic corporations owe $94.1 trillion, governments $91. four trillion, economic institutions $70. four trillion, and households $59.1 trillion.
In the U.S., debt servicing prices now outpace protection spending, and bet what, there's no plan to restore it (Maybe DOGE will step as much as the plate?).
Meanwhile, rising markets face growing dangers with $ one hundred and five trillion in debt and slow healing from 2019.
Source:visualcapitalist - Aug 2024
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