ACCORDING to the Institute of International Finance (IIF), total global debt – which includes household, non-financial corporates and government as well as financial sector debt – surged to a new record high of US$315.1 trillion at the end of the first quarter (1Q) of 2024.
This translates to a debt-to-gross domestic product (GDP) ratio of 333%. On a quarter-on-quarter basis, this was the first increase in the global debt-to-GDP ratio, after three consecutive quarters of decline.
Adamsmithstwit
npub1w3…h8kqt
2024-08-03 22:12:31
Author Public Key
npub1w3uadgq5r0t6mgwt0wtr9vkmwuhpwdy6lf0k430rkhplku4s6y8skh8kqtPublished at
2024-08-03 22:12:31Event JSON
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"content": "ACCORDING to the Institute of International Finance (IIF), total global debt – which includes household, non-financial corporates and government as well as financial sector debt – surged to a new record high of US$315.1 trillion at the end of the first quarter (1Q) of 2024.\n\nThis translates to a debt-to-gross domestic product (GDP) ratio of 333%. On a quarter-on-quarter basis, this was the first increase in the global debt-to-GDP ratio, after three consecutive quarters of decline.",
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