July 1, 2017

Global Debt Hits A New Record High Of $217 Trillion; 327% Of GDP

The Institute of International Finance is perhaps best known for its periodic - and concerning - reports summarizing global leverage statistics, and its latest Q1 report was the most troubling yet, because what it found was that in a period of so-called "coordinated growth", global debt hit a new all time high of $217 trillion, or over 327% of global GDP, up $50 trillion over the past decade. So much for Ray Dalio's beautiful deleveraging, oh and for those economists who are still confused why r-star remains near 0%, the chart below has all the answers.

Not surprisingly, China continues to be the biggest source of global debt growth, with the country's total debt load now surpassing 300%. Read more.

ZeroHedge

Related,
Emerging market borrowing spree lifts global debt to record $217 trillion -IIF - Reuters

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