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Global debt surpasses $365 trillion
A report from the International Finance Institute indicated that global debt has exceeded $365 trillion, an increase of $10 trillion in the first half of the year. Additionally, government bond yields in the world's major economies have risen to their highest levels in over a decade. The data revealed that advanced economies spent more than $3.3 trillion on bond interest payments last year, an amount greater than expenditures on fields such as artificial intelligence, defense, and clean energy. The report warned that ongoing increases in interest rates will further elevate debt service costs, especially amid growing challenges of fiscal deficits and structural pressures. It called for reforms to ensure debt sustainability and to reduce future economic risks.
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