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Global debt just hit a new record of over $250 trillion, largely driven by the U.S. and China

Autor: Financial Market
Timp de citit: < 1 minute

Global debt surged by $7.5 trillion in H1 2019, hitting a new record of over $250 trillion and with no sign of a slowdown, largely driven by the U.S. and China,” according to the Global Debt Monitor, issued by Institute of International Finance.

Moreover, global debt is on track to exceed $255 trillion in 2019, spurred by looser financial conditions, the ballooning global debt load increased by $7.5 trillion in H1 2019—and now hovers near a new record of over $250 trillion (320% of GDP).

China and the U.S. accounted for over 60% of the increase. Similarly, Emerging Markets debt also hit a new record of $71.4 trillion (220% of GDP). With few signs of slowdown in the pace of debt accumulation, we estimate that global debt will surpass $255 trillion this year“.