IFF Report: Global Debt hits staggering new record of over $272 trillion in Q3 2020

The Institute of International Finance (IFF) has issued a quarterly report showing that global debt has surged by over $15 trillion since 2019, reaching a massive new record of over $272 trillion in Q3 2020. The IFF also reports that, while there has been a dramatic increase since the COVID-19 pandemic, there has also been an “unprecedented” build-up of debt over the last four years, with global debt rising by $52 trillion since 2016.

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