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David Morgan – “Global Debt To GDP Is At All Time Highs” (Audio)
The global debt-to-GDP ratio hit an all-time high of 322% in the third quarter of last year, according to a report released Monday by the Institute of International Finance.
Debt rose by almost US$10 trillion to US$252.6 trillion from a year earlier, said the Washington-based IIF, which is comprised of the world’s leading financial institutions. Debt from all sectors — ranging from household to government to corporate bonds — surged.
Posted January 18, 2020
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