Global debt reaches $ 253 trillion by the end of the third quarter 2019

UNITED STATES (OBSERVATORY NEWS)

According to data from the International Finance Institute (the largest gathering of financial institutions in the world), the ratio of global debt to GDP increased to 322 percent, recording $ 253 trillion in the third quarter of 2019.

In a report issued on Monday, the institute expected that global debt will grow faster in 2020; it is estimated to exceed 257 trillion dollars by the end of the first quarter of this year.

He attributed the rise mainly to non-financial sector debt, low interest rates and concessional terms for borrowing.

“As debt rises, it will be difficult to obtain financing for the SDGs on a larger scale, especially for some emerging economies,” the report continued.

The Institute of International Finance is a global institution that includes more than 470 financial institutions, and its mission is to support the financial industry and risk management, and in its membership includes global central banks, major international banks, insurance companies, pension funds, asset managers and sovereign wealth funds.

Online:

This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY — Breaking news source, real-time coverage of the world’s events, life, politics, money, business, finance, economy, markets, war and conflict zones.

Contact us: contact@newsobservatory.com

Stay connected with Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.

Related Articles