October 16, 2021

Ukraine Breaking News

Ukraine Breaking News | The Latest News In Ukraine

Global debt is now at a record $ 300 trillion, up $ 36 trillion since the start of the pandemic

Zero hedge: Global debt hits a record $ 300 trillion, up $ 36 trillion from COVID

Another quarter, another all-time high in global debt (don’t expect this to ever drop below the existing monetary framework again).

Total global debt – which includes government, household, corporate and bank debt but excludes derivatives and various other exotic products – has risen to a new record high, according to the Institute of International Finance (IIF). of nearly $ 300 trillion in the second quarter, $ 296 trillion to be exact, and an increase of $ 4.8 trillion in the quarter.

This means that in the 18 months following the covid, the total debt has increased by a whopping 36 trillion dollars!

to know more ….

WNU Editor: World annual GDP is around $ 80 trillion. If global interest rates were to reach an average of 5%, it would mean that about a fifth of world GDP ($ 15 trillion) will be devoted to paying interest on that debt alone.

[ http://feedproxy.google.com/~r/WarNewsUpdates/~3/clAo5ljx5NI/global-debt-is-now-at-record-300.html https://d26toa8f6ahusa.cloudfront.net/wp-content/uploads/2021/07/30214746/a-quiet-place-part-2-bigs-16.pdf