Global debt rises by $10 trillion to top $365 trillion in the first half of the year
According to CNBC Economy, global debt rose by $10 trillion in the first half of the year to exceed $365 trillion, with advanced economies facing rising interest expenses and higher yields on government bonds in the U.S., Japan, France, and the U.K.
Key facts
- 01Advanced economies paid over $3.3 trillion in interest on internationally traded government bonds last year, more than spending on AI, defense, or clean energy.
- 02Yields on medium- and long-term government bonds in the U.S., Japan, France, and the U.K. reached their highest levels in more than a decade.
- 03Rising bond yields highlight the need to contain and reallocate government spending, improve public sector efficiency and strengthen revenues.
- 04Shocks to the global economy were pushing debt levels up and emphasized lowering debt, fiscal consolidation, and price stability as necessary steps.
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Sources
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- 全球债务突破365万亿美元 · 36氪