全球债务规模攀升至348万亿美元

Core Insights - The global debt is projected to increase by $28.8 trillion by the end of 2025, reaching a record $348 trillion [1] - The debt growth in the past year alone was nearly $29 trillion, marking the fastest annual increase since the onset of the pandemic [1] - The increase in global debt is primarily driven by government borrowing, with over $10 trillion of the increase attributed to government debt [1] Debt Dynamics - The current global debt cycle is no longer predominantly driven by households or corporations, but is mainly influenced by persistent fiscal deficits in major economies [1] - By 2025, the global debt-to-GDP ratio is expected to slightly decline to approximately 308%, primarily due to developments in developed economies [1] - In contrast, the debt-to-GDP ratio in emerging markets continues to rise, reaching a historical high of over 235% [1]