- The Institute of International Finance, a group whose membership includes over 400 financial institutions worldwide, recently shared that total global debt has ballooned by $15 trillion as of September 2020.
- Advanced (developed) nations accounted for nearly 50% of the increase.
- Developed markets total debt-to-GDP jumped from 380% at year-end 2019 to 432% currently.
- Emerging-market debt-to-GDP has increased to 250%.
- “There is significant uncertainty about how the global economy can deleverage in the future without significant adverse implications for economic activity”.
Global debt to hit record $277 trillion by year end on pandemic spending splurge
(11/18/2020)
