Global Market

Developed market (DM) general government debt will increase by another USD4.4 trillion this year to USD75.5 trillion or 105% of GDP by the end of 2026, reflecting continued large budget deficits, Fitch Ratings says in its quarterly Developed Market Sovereigns Debt Sustainability Monitor.

 With US national debt now hitting almost $39 trillion, Trump needs to focus on the potential fallout of the world’s largest economy’s debt triggering a global financial crisis, warns the CEO of one of the world’s largest independent financial advisory organisations.

Global over-the-counter (OTC) derivatives notional outstanding grew to $845.7 trillion at the end of June 2025, a 15.9% rise compared to mid-year 2024 and a 20.9% increase relative to year-end 2024, International Swaps and Derivatives Association (ISDA) said in a report.

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