Record high global debt of more than $250 trillion could impact international efforts to mitigate climate change, according to new report.
The global debt ballooned to a record high of more than $250 trillion and shows no sign of slowing down, according to a new report from the Institute of International Finance , which warned that this massive debt could impact international efforts to mitigate climate change.
The bulk of the global debt -- or more than 60% -- is from the U.S. and China, the report released on Thursday found. Meanwhile, emerging markets debt also hit a new record high of $71.4 trillion. Latest IIF Global Debt Monitor finds global debt has now surpassed a record $250T & is projected to reach $255T by the end of 2019. pic.twitter.com/D001VVzZmD
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