$24 Trillion Leap In Global Debt Driven By COVID-19, Experts Say


bigstock A Magnifying Glass Is Looking 295644895 debt chained handcuff recession(Worthy News) – The coronavirus pandemic has sent the global debt soaring to a new level, having added $24 trillion of debt in the past year, according to a study from The Institute of International Finance.

The global debt monitor from The Institute of International Finance (IIF) shows that as a result of the increased debt, the world debt is now $281 trillion. The worldwide debt-to-Gross Domestic Product (GDP) ratio currently at over 355%, Reuters reported.

Government service programs were estimated to be responsible for half of the rise in global debt, according to the study. [ Source: Daily Caller (Read More…) ]

17
people are currently praying.

đź’ˇ Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X
Join the Truth Social discussion

Latest Worthy News

Shooting Outside White House Leaves One Dead, One Injured
IDF Prepares Lebanon Options as Possible U.S.-Iran Deal Raises Questions Over Hezbollah War
Russia Uses Hypersonic Missile In Deadly Pentecost Sunday Attack On Ukraine
Netanyahu Says Trump Agrees Iran Deal Must Dismantle Enrichment Sites, Remove Uranium
Iran Denies Uranium Concession as U.S. Ceasefire Framework Faces Nuclear, Lebanon Hurdles
Trump Slows Iran Deal Push, Says U.S. Blockade Will Stay Until Agreement Is Signed
Government Spending On Seniors’ Benefits Soon To Make Up Majority Of Federal Budget
Drone Strike On Middle East’s Largest Nuclear Plant Raises Fears Of Wider Iran Conflict
Magyar: Hungary And Brussels To Sign Deal On Unlocking Billions In Frozen EU Funds
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News