You are here

The IMF is worried about the world's $152 trillion debt pile

Section: Daily Dispatches

By Andrew Mayada
Bloomberg News
Wednesday, October 5, 2016

Eight years after the financial crisis, the world is suffering from a debt hangover of unprecedented proportions.

Gross debt in the non-financial sector has more than doubled in nominal terms since the turn of the century, reaching $152 trillion last year, and it's still rising, the International Monetary Fund said. The figure includes debt held by governments, non-financial firms, and households.

Current debt levels now sit at a record 225 percent of world gross domestic product, the IMF said today in its semi-annual Fiscal Monitor, noting that about two-thirds of the liabilities reside in the private sector. The rest of it is public debt, which has increased to 85 percent of GDP last year from below 70 percent.

Slow global growth is making it difficult to pay off the obligations, "setting the stage for a vicious feedback loop in which lower growth hampers deleveraging and the debt overhang exacerbates the slowdown," the Washington-based fund said. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-10-05/a-record-152-trillion-...



ADVERTISEMENT

..... BEAT THE BANKERS AT THEIR OWN GAME .....

A free Webinar gives you all the details.

Just click here: http://tinyurl.com/z4dj89k



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.html

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://tinyurl.com/zr4tjuc

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16