IIF:Total global debt hits a new high, Western developed countries have become”heavy disaster areas”
[IIF:Total global debt hits a new high, Western developed countries have become”hardest hit areas”] According to statistics from the Institute of International Finance (IIF), the world’s debt has exceeded US$272 trillion, setting a record high. Moreover, it may continue to increase by the end of the year. Experts say that countries have raised large amounts of debt in response to the consequences of the new crown epidemic. The countries with the highest debt levels are the United States, the United Kingdom, Eurozone countries, Japan and South Korea. Analysts believe that the rapidly increasing total debt may pose new challenges to the world economy.
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