Global debt has reached almost $300 trillion


us debt worthy christian news

by Karen Faulkner, Worthy News Correspondent

(Worthy News) – The Institute of International Finance (IIF) has announced that global debt reached a new record high of $296 trillion in the second quarter of 2021, with total debt rising by $36 trillion in the 18 months since the pandemic began, Zero Hedge reports. Global debt includes government, household, corporate, and bank debt but not derivatives and other exotic products.

The increase in global debt was the steepest in emerging markets, Zero Hedge reports. China’s debt rose by $3.5 trillion in the second quarter to nearly $92 trillion. The emerging-market aside from China saw its debt rising to a new record high $36 trillion in the second quarter; the spike is a result of government borrowing.

“If the borrowing continues at this pace, we expect global debt to exceed $300 trillion,” Emre Tiftik, IIF’s director of sustainability research, said in a statement.

Nevertheless, as economic growth rebounded, the debt-to-GDP ratio declined for the first time since the start of the pandemic, Zero Hedge reports.  According to the IFF, 51 countries saw a decline in debt-to-GDP levels, largely because of a strong economic rebound.

Therefore, debt as a share of gross domestic product fell from a record high of 362% in the first quarter of 2021 to around 353% in the second quarter, Zero Hedge reports.

8
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. 🙌

Latest Worthy News

Trump Task Force Report Alleges Biden Administration Weaponized Federal Government Against Christians
Trump Pushes “Last Warning” Ceasefire and Hostage Deal in Gaza as Blood Moon Rises Over Israel
Israel Expands Gaza City Offensive, Strikes High-Rises and Destroys Hamas Command Tunnel
Government Building In Kyiv Burning As Russian Strike Kills 4
Japan’s Prime Minister Ishiba Resigns After Election Defeats
Over 100 Killed In Weekend Violence Across Nigeria; Christians Targeted
Seven AfD Candidates Die Before German Local Elections Amid Rising Political Violence (Worthy News Investigation)
Venezuela-U.S. Standoff Escalates As Vance Defends Strike
Ukraine’s Zelenskyy Vows to Keep Attacking Russian Energy Despite Criticism from Neighbors (Worthy News Radio)
Copyright 1999-2025 Worthy News. All rights reserved.

If you are interested in articles produced by Worthy News, please check out our FREE sydication service available to churches or online Christian ministries. To find out more, visit Worthy Plugins.

Worthy Christian News