NEW YORK, Sept 25 — Global debt hit a record high of US$312 trillion (RM1.28 quadrillion) at the end of the second quarter, driven by borrowing in the United States (US) and China, while a key debt ratio in emerging markets also scaled a fresh peak, data from a banking trade group showed.

KUALA LUMPUR, May 17 — The total global debt rose a record US$24 trillion in 2020, pushing global leverage up a staggering 34 percentage points to a new high of 366 per cent of gross domestic product (GDP).