Global Debt Surpasses $365 Trillion As Economists Warn Of Worsening ‘Vicious Cycle’
The world’s governments are drowning in debt, with mounting interest costs now outpacing spending on some of the most critical sectors of the global economy. Global debt climbed by $10 trillion in just the first half of the year, surpassing $365 trillion, according to new research published by the Institute of International Finance. The IIF…