Business & Economy
Global debt tops $365 trillion as economists sound alarm over 'vicious cycle'
Ever-higher costs to service mounting debt loads pose a major risk to governments around the world, economists have warned.
AI Summary
Global debt increased by $10 trillion in the first half of the year, pushing the total above $365 trillion, according to research released by the Institute of International Finance on Wednesday. Economists warned that the escalating cost of servicing these mounting debt loads presents a major risk to governments worldwide. The report highlights the potential for a “vicious cycle” as higher debt burdens strain fiscal stability.
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