Global debt has reached staggering levels. As of 2023, the total global debt stands at approximately $225 trillion. However, projections indicate that this figure could rise significantly by 2030. Let’s delve into the details:
- Global Debt Trends:
- Global leverage has been trending upward, and structurally higher interest rates are increasing the financing burden for governments, corporations, and households.
- The debt-to-GDP ratio is estimated to rise by a moderate 3%, reaching 238% by 2030 under a baseline scenario.
- In absolute terms, global debt could surge to $336 trillion by 2030, considering inflation and nominal GDP growth
World debt has now crossed $225 TRILLION
This is what playing with fire looks like… pic.twitter.com/YneE2OwFIr
— Game of Trades (@GameofTrades_) June 19, 2024
Meanwhile, in the last 4 years, the US debt has skyrocketed by $11 trillion.
This is the size of 40% of the US economy’s GDP.
By comparison, reaching the first $11 trillion of debt for the US it took 220 years
DEBT CRISIS IS AN UNDERSTATEMENT
Read👇t.co/vlghCZcVsg
— Global Markets Investor (@GlobalMktObserv) June 19, 2024
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