NEWS： Global debt will exceed US $255 trillion in 2019
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The International Financial Association (IIF) estimated on Friday that global debt could reach a record high of more than $255tn in 2019 - nearly $32500 per capita in terms of the world's 7.7bn people.
These debts are more than three times the annual output value of the global economy, with an increase of $7.5 trillion in the first half of the year, and there is no sign of slowing down.
About 60% of the increase came from the US and China. Government debt alone will exceed $70 trillion this year, and the overall debt of emerging market countries (governments, companies and the financial industry) will also exceed that level.
"There is little sign of a slowdown in debt growth, and we expect global debt to exceed $255 trillion this year," IIF said in a report.
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