Global debt reaches record $307T in the first half 2023

The Financial Times reported that global debt hit a record $307 trillion in the first half of the year, referring to information from the Institute of International Finance (IIF).

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Global debt reaches record $307T in the first half 2023 © Daily Management Review

In the first half of the year, the total amount of debt—which includes liabilities of governments, businesses, and households—rose by $10 trillion, maintaining the previous high from the beginning of 2022.

In the period from January to June, the global debt-to-GDP ratio increased 2 percentage points to 336%.

The record of 360% was set during the coronavirus pandemic.

source: ft.com

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