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Bloomberg/Bloomberg Global Debt Jumped to Record $237 Trillion Last Year

Posted by Jerrald J President on April 15, 2018 at 9:00 AM


https://www.bloomberg.com/news/articles/2018-04-10/global-debt-jumped-to-record-237-trillion-last-year

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  US total debt $70 Trillion dollars not counting unfunded liabilities. Interest on said debt $2.7 Trillion dollars. How do you think this will end? By JJP

 


Global Debt Jumped to Record $237 Trillion Last Year

 

Global debt rose to a record $237 trillion in the fourth quarter of 2017, more than $70 trillion higher from a decade earlier, according to an analysis by the Institute of International Finance.

A $237 Trillion Record


Global debt climbed by 42 percent in the fourth quarter from a decade earlier


Source: Institute of International Finance


Among mature markets, household debt as a percentage of GDP hit all-time highs in Belgium, Canada, France, Luxembourg, Norway, Sweden and Switzerland. That’s a worrying signal, with interest rates beginning to rise globally. Ireland and Italy are the only major countries where household debt as a percentage of GDP is below 50 percent.


Still, the ratio of global debt-to-gross domestic product fell for the fifth consecutive quarter as the world’s economic growth accelerated. The ratio is now around 317.8 percent of GDP, or 4 percentage points below the high in the third quarter of 2016, according to the IIF.


Among emerging markets, household debt to GDP is approaching parity in South Korea at 94.6 percent.


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