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Read More »US, China drag global debt to $235trn, IMF raises concern for developing nations
The International Monetary Fund (IMF) said global debt increased to $235 trillion in 2022, which is 238 percent of the global gross domestic product reported last year. IMF said the United States and China accounted for a combined $117.5 trillion in debt, representing 50 percent of the global debt. The financial organisation disclosed this in a report titled; ‘Global Debt …
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