The general debt has grown in the first time in four years, as the world’s economic growth has slowed down.
In 2024, the world debt increased by nearly 7 trillion dollars and reached 318 trillion dollars, which is an annual indicator. This was written by Bloomberg with a reference to Institute of International Finance’s data.
Total debt as a portion of the gross domestic product also increased for the first time in four years, as economic growth slowed down.
It is expected that this year the level of borrowing remains high, especially in the USA, France, China, India and Brazil.
The Institute noted that growing the burden of debt means that governments should “take care of debt manufacturers” – this is the name of investors increasing interest rates, trying to force politicians to limit budget and debt deficiency.
Debt growth in 2024 was less than 16 trillion dollars added in 2023, and experts predict the slower rate of general borrowing in 2025, considering the forecast uncertainty.
Remember that the state and state guaranteed by the state of Ukraine on December 31, 2024 reached 6.980 trillion hryvnias or $ 166.06 billion.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.