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Global debt hits all-time high of $184,000,000,000,000
Published time: 15 Dec, 2018 06:50
© Getty Images / Colin Anderson
The IMF has calculated that their share of debt exceeds that of output. It stated that the emergence of China among the top ranking is, however, a relatively new development. Since the beginning of the millennium, China’s share in global debt surged from less than three percent to over 15 percent, underscoring the rapid credit surge in the aftermath of the global financial crisis.
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IMF
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https://twitter.com/IMFNews/status/1073359440655605762
Just released: update to the Global Debt Database http://ow.ly/6jCj30mYHPF
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7:30 AM - Dec 14, 2018
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According to the IMF, global debt has reached a record high of $184 trillion in nominal terms. That’s the equivalent of 225 percent of the world GDP in 2017. The debt figure is $2 trillion higher than the estimated number released by the fund in October, because it includes the debts of several countries who had not previously reported their updated data.
ALSO ON RT.COMAs US debt spirals to $22 trillion, former Fed chair Janet Yellen is suddenly concerned
“By including both the sovereign and private sides of borrowing for the entire world, the GDD (Global Debt Database) offers an unprecedented picture of global debt in the post-World War II era,” said the IMF. GDD is a comprehensive dataset covering public and private debt for 190 countries dating back to the 1950s.
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Global debt hits all-time high of $184,000,000,000,000
Published time: 15 Dec, 2018 06:50
© Getty Images / Colin Anderson
- 3675
The IMF has calculated that their share of debt exceeds that of output. It stated that the emergence of China among the top ranking is, however, a relatively new development. Since the beginning of the millennium, China’s share in global debt surged from less than three percent to over 15 percent, underscoring the rapid credit surge in the aftermath of the global financial crisis.
View image on Twitter
IMF
✔@IMFNews
https://twitter.com/IMFNews/status/1073359440655605762
Just released: update to the Global Debt Database http://ow.ly/6jCj30mYHPF
69
7:30 AM - Dec 14, 2018
52 people are talking about this
Twitter Ads info and privacy
According to the IMF, global debt has reached a record high of $184 trillion in nominal terms. That’s the equivalent of 225 percent of the world GDP in 2017. The debt figure is $2 trillion higher than the estimated number released by the fund in October, because it includes the debts of several countries who had not previously reported their updated data.
ALSO ON RT.COMAs US debt spirals to $22 trillion, former Fed chair Janet Yellen is suddenly concerned
“By including both the sovereign and private sides of borrowing for the entire world, the GDD (Global Debt Database) offers an unprecedented picture of global debt in the post-World War II era,” said the IMF. GDD is a comprehensive dataset covering public and private debt for 190 countries dating back to the 1950s.
For more stories on