Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 17 submissions in the queue.

Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion

posted by cmn32480 on Friday January 06 2017, @11:12AM   Printer-friendly
from the lotsa-red-ink dept.

n1 writes:

Global debt levels rose to more than 325 percent of the world's gross domestic product last year as government debt rose sharply, a report from the Institute for International Finance showed on Wednesday.

The IIF's report found that global debt had risen more than $11 trillion in the first nine months of 2016 to more than $217 trillion. The report also found that general government debt accounted for nearly half of the total increase.

Emerging market debt rose substantially, as government bond and syndicated loan issuance in 2016 grew to almost three times its 2015 level.

Source: Reuters

Original Submission

 
This discussion has been archived. No new comments can be posted.
Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion | Log In/Create an Account | Top | 56 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Friday January 06 2017, @11:29AM

    by Anonymous Coward on Friday January 06 2017, @11:29AM (#450173)

    we should create more jobs by making more debt because keeping track of debt is also work! scar-some(sic)

  • (Score: 3, Funny) by Justin Case on Friday January 06 2017, @12:02PM

    by Justin Case (4239) on Friday January 06 2017, @12:02PM (#450179) Journal

    No, you have it backwards! If we would fire all the people keeping track of the debt, we wouldn't have to worry about it any more.