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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: 1) by fustakrakich on Friday January 06 2017, @06:04PM

    by fustakrakich (6150) on Friday January 06 2017, @06:04PM (#450319) Journal

    There's nothing like a 'little' war to zero out the books. Replace the old lenders with new ones. All that money that went to the Royal Family now goes to the 'Founding Fathers'. Next thing you know you got a 'Whiskey Rebellion' on your hands.

    --
    La politica e i criminali sono la stessa cosa..