Global debt levels soared by $8.3 trillion in the first quarter, climbing to a near-record high of $305 trillion, according to new Institute of International Finance (IIF) data. The record was set in the first quarter of 2022 at $306.5 trillion. The Washington, D.C.-based global association of the financial industry published its latest Global Debt…
China Sees the Greatest Capital Outflows on Record, Says IIF
Capital outflows from China in the first quarter were the largest on record, a new report (pdf) from the Institute of International Finance (IIF) found. According to data compiled by the IIF, foreign investors sold Chinese equities and bonds, with local currency bonds representing a majority of the outflows. The world’s second-largest economy witnessed inflows,…
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