The world is swimming in a record $233 trillion of debt

ArticleDebt crisis January 11, 2018 - 3:28:21 AM

In 2017, the world debt of countries increased again, reaching hitherto unrealized peaks.

Global debt soared to a record $233 trillion in the third quarter of 2017, according to a report from the Institute of International Finance.

That marked a $16.5 trillion – or 8% – increase from the end of 2016. It also reflected record highs for private non-financial sector debt in Canada, France, Hong Kong, Korea, Switzerland, and Turkey...

Source:businessinsider.com

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