Global debt to hit record highs in 2024

03 MIN 00 SEC

Reuters

London, England (February 25, 2025) .-10:54 hrs

The IIF said it expects debt growth to slow this year amid unprecedented global economic policy uncertainty and still-elevated borrowing costs.

The IIF said it expects debt growth to slow this year amid unprecedented uncertainty in global economic policy and still-high borrowing costs. Credit: File

The global debt-to-GDP ratio rose last year for the first time since 2020, when global debt hit a new year-end record of $318 trillion and economic growth slowed, a report by the Institute of International Finance (IIF) showed.