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From January to March of this year, global debt has risen at its fastest pace since the first quarter of 2016 according to figures from the International Finance Institute (IIF, for its acronym in english
World debt reached a record $ 247 billion in the first quarter of 2018 which means an increase of more than $ 8 billion in the first three months of the year
With this level of indebtedness, the world debt / GDP ratio reached 318% its first increase since the third quarter of 2016.
In addition, the IIF has highlighted that of the total world debt, 75% or 186 billion dollars correspond to the non-financial sector as households, governments and enterprises while the debt of the financial sector reaches 61 billion dollars, its highest level throughout the statistical series.
"While global growth is losing momentum and growing discontent, in addition to rising US rates concerns about credit risk are emerging, even in many countries. "mature economies," said Global Debt Monitor Institute.
The IIF noted that although the debt itself is not necessarily of concern because it may be renewed if growth continues in the issuing countries, they pointed out that the events in the United States United were worrying for global growth prospects l. In addition to the increase in debt at a faster pace, this country also increases interest rates, resulting in an increase in the cost of debt.
For example, he points out that the debt of non-financial enterprises reached record levels in 19459003 Canada, France and Switzerland adding that since the first quarter of 2017, Switzerland and Denmark ] have seen a sharp increase in household debt.
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