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Global debt tops $365 trillion as economists warn of a vicious cycle
Economists say advanced economies are paying out more in debt interest than the world spends on AI, defense, and clean technology combined.
Global debt has risen above $365 trillion, according to CNBC World, prompting economists to warn about what they call a potentially self-reinforcing cycle.
In the outlet's summary, the concern is that debt service costs in advanced economies are growing to a level that exceeds spending on major global priorities.
CNBC Economy frames the issue as a mismatch between rising interest payments and available resources for areas such as artificial intelligence, defense, and clean technology.
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