GLOBAL DEBT SOARS TO $312 TRILLION: CLIMATE SPENDING DRIVES RECORD BORROWING

Mario Nawfal

@MarioNawfal
🚨 GLOBAL DEBT SOARS TO $312 TRILLION: CLIMATE SPENDING DRIVES RECORD BORROWING

Going green is expensive…

Global debt surged to an all-time high of $312 trillion, driven by massive borrowing in the U.S. and China.

The Institute of International Finance warns government debt will skyrocket from $92 trillion to $145 trillion by 2030, largely fueled by climate-related spending.

Emerging markets are feeling the pinch, with debt-to-GDP ratios now at a staggering 245%, highlighting the strain on economies worldwide.

Source: Reuters