World wide debt nears document highs as charge hikes trigger ‘crisis of adaptation,’ major trade physique states

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The IIF said the mix of this kind of higher debt levels and soaring curiosity premiums has driven up the value of servicing that credit card debt, triggering problems about leverage in the economical technique.
“At shut to $305 trillion, world-wide debt is now $45 trillion larger than its pre-pandemic amount and is predicted to continue growing speedily,” the IIF said.

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