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Global debt has risen to over $365 trillion during the first half of 2026, an increase of $10 trillion in just six months. China and the United States are accounting for a large portion of this growth, amid growing concerns over global financial sustainability. Data indicates that the current debt crisis differs from previous ones, as it is related to spending cycles on healthcare, energy, and technology, with a significant impact on governments and companies in more than 100 economies. The increase in debt occurs despite higher borrowing costs and market volatility, with Japan and China reducing their holdings of U.S. Treasury bonds, while U.S. Treasuries continue to experience strong demand despite rising volatility.
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