Global public debt hits record $92 trillion – UN report

LONDON -Globalpublicdebtsurged to arecord$92trillionin 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, aUnited Nationsreportsaid. Domestic and externaldebtworldwide has increased more than five times in the last two decades, outstripping the rate of economic growth, with gross domestic product only tripling since 2002, according to the Wednesdayreport, released in the runup to a G20 finance ministers and central bank governors' meeting July 14-18. "Markets may seem not be suffering -- yet. But people are," U.N. Secretary-General Antonio Guterres toldreporters. "Some of the poorest countri...

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