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Surge in global debt creates growth, financing problems: IIF

Global debt, now at US$217 trillion, is largely the result of the availability of cheap money, which spurred borrowing
Friday, January 6, 2017 - 05:50

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Global debt has reached US$217 trillion, or a record 325 per cent of world gross domestic product (GDP), raising concerns over the ability of some governments and business corporations to service their debts, given that interest rates are beginning to rise, said a key report on Thursday.

Tokyo

GLOBAL debt has reached US$217 trillion, or a record 325 per cent of world gross domestic product (GDP), raising concerns over the ability of some governments and business corporations to service their debts, given that interest rates are beginning to rise, said a key report on

sentifi.com

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