Global debt stock hit a record $307 trillion in the first half of 2023, top trade body says

The global debt-to-GDP ratio now sits at around 336%, which is up from 334% in the fourth quarter of 2022, the report said. The ratio had experienced seven consecutive quarters of decline, before resuming its upward trajectory in the first half of 2023. The high interest rate environment seen across most economies has sent the figure soaring, making the current debt pile $100 trillion more than it was a decade ago. The stock of global debt rose $10 trillion in the first half of 2023, bringing it to a new record high of $307 trillion, according to a report by…