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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

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  • (Score: 2, Insightful) by Anonymous Coward on Friday January 06 2017, @01:05PM

    by Anonymous Coward on Friday January 06 2017, @01:05PM (#450194)

    while employees can travel further to find the job that suits them and truly fulfils their potential

    Nonono... we can't have that. We need malleable drones that do exactly as they are told, when they are told to do so and for the price they are told to do so. Free Market(tm) is not for the proles. Besides, who cares about potential? Work is suffering and suffering is good, as we learn from protestant teachings. That is why we exploit the fuck out of everything and anything and why -for instance- you get zero vacation or time off in this third world country.

    Potential... pfff

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