Global debt levels soared by $8.3 trillion in the first quarter, climbing to $305 trillion, nearly a record high, according to new Institute of International Finance (IIF) data.
The record, $306.5 trillion, was set in the first quarter of 2022.
Egyptian pound, British pound sterling, and U.S. dollar banknotes on Aug. 25, 2022. Khaled DESOUKI/AFP via Getty Images
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
