Story perspectives

Global Debt Soars to $315 Trillion: Economic Crisis Looms

5/29/2025

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Summary

Story summary

Global debt has surged to $315 trillion, nearly three times the projected 2024 GDP of $109.5 trillion.
Major borrowing trends since the 1980s and the COVID-19 pandemic have driven public debt to $91 trillion by the end of 2022.
Rising debt levels raise concerns about sustainability, exemplified by Zambia's debt servicing surpassing essential spending.
U.S. public debt may hit 166% of GDP by 2054, raising alarms from the IMF and financial experts about possible economic crises.

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Story summary

Global debt has surged to $315 trillion, nearly three times the projected 2024 GDP of $109.5 trillion.
Major borrowing trends since the 1980s and the COVID-19 pandemic have driven public debt to $91 trillion by the end of 2022.
Rising debt levels raise concerns about sustainability, exemplified by Zambia's debt servicing surpassing essential spending.
U.S. public debt may hit 166% of GDP by 2054, raising alarms from the IMF and financial experts about possible economic crises.