15:20 - 8.05.2024

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May 8, Fineko/abc.az. The global debt has reached an all-time high of $315 trillion.

ABC.AZ reports that this number has increased, in particular, because of the growing debts of China, India and Mexico. In the first quarter of this year alone, global debt increased by $1.3 trillion.

Spending has increased amid a record number of election campaigns. The economies of developing countries, in particular the United States, are mainly under threat. At the same time, the State Budget deficit retains its position in the pre-pandemic period.

In addition, China is facing a crisis in the real estate sector — country's economic growth may be frozen for many years. Debt is also rising in India because of natural disasters. Countries are already struggling with high dollar debts.