$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

Trump Finalizes U.S.–Taiwan Trade Deal, Secures 15% Tariff and Major Energy, Tech Commitments
Dems Cheer End To Minnesota Immigration Operation; GOP Calls It Success
Democrats Tank DHS Bill Again, Likely Triggering Partial Govt Shutdown
Canada’s Remote Town Mourns After Deadly School Shooting Leaves Nine Dead
Teen Suspect Held After Shooting At School In Southern Thailand
Trump Terminates Obama-era Climate Change Policy
House Republicans Pass SAVE America Act, Sending Voter ID Bill to Senate
Israel Finalizes Advanced David’s Sling Air Defense Tests Preparations for Possible U.S. Strike on Iran
U.S. Quietly Sends Thousands of Starlink Terminals Into Iran After Regime Crackdown
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