{"id":33294,"date":"2018-04-10T10:15:44","date_gmt":"2018-04-10T15:15:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33294"},"modified":"2018-04-10T10:15:44","modified_gmt":"2018-04-10T15:15:44","slug":"global-debt-hits-record-237-trillion-up-21tn-in-2017","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33294","title":{"rendered":"Global Debt Hits Record $237 Trillion, Up $21TN In 2017"},"content":{"rendered":"
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Global Debt Hits Record $237 Trillion, Up $21TN In 2017<\/a><\/span><\/h3>\n<\/div>\n
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Last June we reported\u00a0 <\/a>that according to the Institute of International Finance – perhaps best known for its periodic and concerning reports summarizing global leverage statistics – as of the end of 2016, in a period of so-called “coordinated growth”, global debt hit a new all time high of $217 trillion, over 327% of global GDP, and up $50 trillion over the past decade.<\/em><\/p>\n

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Six months later, on January 4, 2018, the IIF released another global debt analysis, which disclosed <\/a>that global debt rose to a record $233 trillion at the end of Q3 of 2017 between $63Tn in government, $58Tn in financial, $68TN in non-financial and $44Tn in household sectors, a total increase of $16 trillion increase in just 9 months.<\/strong><\/p>\n

Now, according to its latest quarterly update<\/a>, the IIF has calculated that global debt rose another $4 trillion in the past quarter, to a record $237 trillion in the fourth quarter of 2017, and more than $70 trillion higher from a decade earlier, and up roughly $20 trillion in 2017 alone.<\/strong><\/p>\n

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The IIF report, which also sources data from the IMF and BIS, found that the share of global debt remains well above 300% of global GDP, with mature market, i.e., DM, debt\/GDP now at 382%. The silver lining: that number was slightly below recent levels, as increasing GDP growth in DMs helped reduce the debt-to-GDP ratio. However, this was more than offset by a surge in debt in emerging markets, where total debt\/GDP is now well above 200%.<\/p>\n

The good news, if only temporarily, is that on a consolidated basis, global debt\/GDP fell for the fifth consecutive quarter as global growth accelerated: the ratio is now around 317.8%, or 4% points below the all time high hit in Q43 2016. To be sure, even a modest slowdown in GDP growth, let alone a contraction, will promptly send the ratio surging to new all time highs.<\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Debt Hits Record $237 Trillion, Up $21TN In 2017 Last June we reported\u00a0 that according to the Institute of International Finance – perhaps best known for its periodic and concerning reports summarizing global leverage statistics – as of the end of 2016, in a period of so-called “coordinated growth”, global debt hit a new […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,195,3725,364,391,9603,481,4318],"class_list":["post-33294","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-debt","tag-debt-to-gdp","tag-global-debt","tag-growth","tag-institute-of-international-finance","tag-leverage","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33294"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33294\/revisions"}],"predecessor-version":[{"id":33295,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33294\/revisions\/33295"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}