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Boom Bust analyzes state of global debt, fast approaching a record $300 TRILLION Boom Bust analyzes state of global debt, fast approaching a record $300 TRILLION
(12 days later)
About $4.8 trillion were added to the global debt pile in the second quarter of this year, pushing the total to a record high of $296 trillion, according to data from the Institute of International Finance (IIF).About $4.8 trillion were added to the global debt pile in the second quarter of this year, pushing the total to a record high of $296 trillion, according to data from the Institute of International Finance (IIF).
Governments that poured trillions in monetary and fiscal stimulus support to stay afloat during the Covid-19 pandemic are now more indebted than at any other point in modern history, even surpassing World War II.Governments that poured trillions in monetary and fiscal stimulus support to stay afloat during the Covid-19 pandemic are now more indebted than at any other point in modern history, even surpassing World War II.
Ben Swann and a panel of Boom Bust’s analysts give their perspective on the issue.Ben Swann and a panel of Boom Bust’s analysts give their perspective on the issue.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section
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