Global debt to hit record $277 trillion by year end on pandemic spending splurge

Reuters (11/18/2020)
  • 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”.