Global Debt Hits Record $323 Trillion, Triggering Fears of an Incoming Debt Tsunami

by Emmitt Barry, Worthy News Correspondent (Worthy News) – Global debt soared by over $12 trillion in the first three quarters of 2024, reaching a record $323 trillion, driven by falling borrowing costs and increased risk appetite, according to the latest Global Debt Monitor report by a banking trade group. The Institute of International Finance (IIF) report suggests that sovereign debt could rise by a third to nearly $130 trillion by 2028, increasing global repayment risks. Meanwhile, deb