| Title | Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion | |
| Date | Friday January 06 2017, @11:12AM | |
| Author | cmn32480 | |
| Topic | ||
| from the lotsa-red-ink dept. | ||
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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printed from SoylentNews, Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion on 2024-05-21 11:22:57