IIF warns: Global debt reaches a new high in 2024, with an increase of nearly 7 trillion, urging investors to proceed with caution
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The International Institute of Finance (IIF) report shows that global debt will increase by nearly $7 trillion in 2024, reaching a total of $318 trillion, a record high. The slowdown in economic growth has led to an increase in the ratio of global debt to GDP, particularly in countries such as the United States, France, India, and Brazil. Although U.S. debt is on an unstable trajectory, market reactions have been mild, but the pace of global borrowing is expected to slow down as policy uncertainty and high borrowing costs make borrowers more cautious
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