$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.

💡 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

Latest Worthy News

China Formally Arrests 18 Zion Church Leaders in Largest Crackdown on Underground Christians in Years
Israel Approves Plan to Absorb 5,800 Bnei Menashe Immigrants by 2030
Netanyahu Says U.S. Reaffirms Israel’s Military Edge Amid Trump Push to Sell F-35s to Saudi Arabia
DOGE Isn’t Dead: OPM Chief Says Musk-Era Efficiency Drive Still Reshaping Government
Judge Dismisses Comey, Letitia James Indictments Over Invalid Prosecutor Appointment; DOJ to Appeal
Trump Orders Process to Designate Muslim Brotherhood Chapters as Terrorist Organizations
Ukraine Welcomes Revisions To Controversial U.S.-Backed Peace Plan; Christians Worship Amid Ruins (Video)
Trump Says He ‘Absolutely’ Would Live In New York Under Zohran Mamdani
Saudi Arabia Bus Inferno Kills At Least 45 Indian Pilgrims; One Survivor Battles for Life
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