The world’s debt has soared to an unprecedented $323 trillion, surging by $12 trillion in the first three quarters of 2024, according to a new report from the Institute of International Finance (IIF).
The sharp rise comes as falling borrowing costs and a resurgence of investor risk appetite drive increased lending, reported Reuters. However, this rapid escalation highlights vulnerabilities in global financial systems, especially as governments continue to operate under significant budget deficits.
The IIF projects sovereign debt could expand by a staggering 33% by 2028, nearing $130 trillion. This could exacerbate repayment challenges worldwide, particularly as inflationary pressures and tighter public finances create fiscal strain.
The report warns that rising trade tensions and ongoing disruptions in supply chains further complicate the outlook, potentially triggering “mini boom-bust cycles” in sovereign debt markets.
The anticipated policy volatility of Donald Trump’s second presidential term also contributes to the uncertainty. […]
— Read More: dallasexpress.com
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