Boom times. Artem Aleshko
CNBC: Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body says
* The IIF said the combination of such high debt levels and rising interest rates has driven up the cost of servicing that debt, triggering concerns about leverage in the financial system.
* “At close to $305 trillion, global debt is now $45 trillion higher than its pre-pandemic level and is expected to continue increasing rapidly,” the IIF said.
The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a “crisis of adaptation” to rapid monetary policy tightening by central banks, according to a closely-watched report from the Institute of International Finance.
The finance industry body said the combination of such high debt levels and rising interest rates has driven up the cost of servicing that debt, triggering concerns about leverage in the financial system.
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WNU Editor: For the developed world servicing this debt is becoming a disaster. Not surprising. The Western media is blaming China .... China’s loans pushing world’s poorest countries to brink of collapse (AP).
9 comments:
IMF.
China's bait & switch "loan' deals ARE pushing poorest countries to brink of collapse. That's why they do what they do. It sure as hell ain't because they care so much about these countries
CHINA WILL BE THR NEXT SUPERPOWER FOR SURE. BETTER GET A CHINESE PASSPORT ASAP
Fools 4 you
All will fall 666 will rise
Last days
On planet earth 🌍
Believe me stopping the government is on militia mind
But don't go there live ur life in sleep is King 👑 u fools
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