NEWS
Global debt touches $233 trillion in Q3 2017
By VARINDIA - 2018-01-08
As per a news report, in the third quarter of 2017, the global debt has reached $233 trillion. It is $16 trillion higher from end-2016. This analysis has been done by the Institute of International Finance. Private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey.
With the increase of economic growth, the ratio of debt-to-gross domestic product fell for the fourth consecutive quarter. The ratio is now around 318 per cent, 3 percentage points below a high set in the third quarter of 2016, according to the IIF.
The United Nations calculates the global population is 7.6 billion, suggesting the world’s per capita debt is more than $30,000.
The debt pile could end up acting as a brake on central banks trying to raise interest rates, given worries about the debt servicing capacity of highly indebted firms and government, the IIF analysts wrote.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.