trendsjournal.com The amount of money owed by governments, businesses, households, and individuals grew by $10 trillion in this year’s first half to a record $307 trillion, the Institute of International Finance (IIF) said in a 19 September report.
France, Japan, the U.K., and the U.S. led borrowing increases among developed nations, the sector responsible for 80 percent of the new debt. Brazil, China, and India—the three largest emerging economies—were the heaviest borrowers among that group.
Global debt has added $100 trillion—almost a third of the current total—since 2012, the report said.
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