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Thursday

02 April 2020

IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020 - Bitcoin News

IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020 - Bitcoin News


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According to the IIF, “The global debt-to-GDP ratio hit a new all-time high of over 322% in Q3 2019, with total debt reaching close to $253 trillion.” The pronounced trajectory into the red seems to be continuing unabated.

According to the IIF’s Global Debt Monitor report, China leads the way in leverage, racking up the IOUs with a 310% debt-to-GDP ratio.

The report notes that most of the debt is non-financial sector in nature, with global government debt on path to pierce $70 trillion itself.

“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in Q1 2020,” the IIF report asserts.

It further notes that household debt-to-GDP is reaching record highs in multiple countries, largely in the EU, and that government debt-to-GDP has hit record highs in the U.S.

If current alarming factors such as a potentially overvalued stock market, newly increased limits on home loans, low to negative interest rates, ongoing printing of new money and a soaring global debt continue unabated, a new recession could be on the way?

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