Global Debt Reaches Unprecedented Heights with a $7 Trillion Surge in 2024

The International Institute of Finance (IIF) has unveiled startling figures that reveal global debt surged by approximately $7 trillion in 2024, culminating in a record total of $304 trillion. This dramatic increase raises significant concerns regarding fiscal sustainability and the broader implications for the global economy as governments and corporations grapple with the escalating costs of borrowing.

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