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Author Topic: Economics Culture  (Read 9682 times)

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Offline Michael Hardner

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Re: Economics Culture
« Reply #45 on: January 16, 2020, 02:00:48 pm »
Global debt is MASSIVE

https://www.cnn.com/2020/01/13/economy/global-debt-record/index.html

The world's already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over.

In fact, it broke that record in the first nine months of last year. Global debt, which comprises borrowings from households, governments and companies, grew by $9 trillion to nearly $253 trillion during that period, according to the Institute of International Finance.

https://www.cnbc.com/2019/11/15/global-debt-surged-to-a-record-250-trillion-in-the-first-half-of-2019-led-by-the-us-and-china.html

Rising debt across the world has been a big concern for investors and has also been flagged as the next breaking point by a number of economists.

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