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World debt falls to about $290 trln in Q3 – IIF

12:55

World debt falls to about $290 trln in Q3 – IIF
Source: Pixabay

World debt fell to about $290 trillion in the third quarter, according to a report from the Institute of International Finance (IIF).

In the second quarter global debt was estimated at around $300 trillion.

The IIF says the reason for the decline is higher interest rates.

Source: PAP 

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