‘Stability risk’: US faces rising concern as global debt soars to record high
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Global debt accumulation ‘accelerated sharply’ in 2025, driven by surging investment in the US, China and Europe, report finds.

Global debt climbed to a record high in 2025, rising at the fastest pace since the pandemic, with China and the United States accounting for a large share of the increase, according to a new report. Total global debt surged to US$348 trillion last year, with nearly US$29 trillion of new debt added over the year, the Institute of International Finance (IIF) said. Government borrowing accounted for more than US$10 trillion of the increase, with the United States, China and the euro zone together…

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