GLOBAL DEBT SKYROCKETS TO $315 TRILLION

🚨 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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