Ticking debt time bomb: Global debt hits record $365 trillion

• Global debt surged by $10 trillion in H1 2026 (likely 2023) to $365 trillion, with a global debt-to-GDP ratio of 310%.
• Emerging markets, led by China, accounted for $6.5 trillion of the recent debt increase.
• Mature market governments now spend more on interest expenses than global investments in AI, defense, or clean energy.
• U.S. non-financial corporate debt reached $24 trillion, with private credit loans making up 5% of outstanding U.S. non-financial corporate debt.

Global debt reached a record $365 trillion in H1 2026 (likely 2023), driven by emerging markets and corporate borrowing. The speaker highlights spiking bond yields, rising interest expenses for mature economies, and a lack of fiscal consolidation, warning of a 'ticking time bomb' and significant macro-financial stability issues.