IMF: Global debt at record high $152 trillion!

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http://finance.nine.com.au/newsbusiness/9171264/global-debt-at-record-high-imf-warns

Worldwide public and private debt is at an all-time high, posing a substantial impediment to getting global economic growth back to normal, the International Monetary Fund has said.

The easy money policies of the world’s top central banks has fed the problem, stoking a private-sector credit binge in China and rising public debt in some low-income countries, the IMF said in a new report.

Meanwhile, slow economic growth is making it hard for both companies and countries to cut their debt burdens – a process that can also drag on growth momentum because deleveraging companies slow spending and investment.

Without deleveraging, however, countries run the risk of fresh financial crises that can turn into deep recessions, the IMF’s Fiscal Monitor report says.

“For a significant deleveraging to take place, restoring robust growth and returning to normal levels of inflation is necessary,” the fund said.

Getting there requires governments to stimulate growth though investment, certain fiscal and business reforms, and targeted programs to help heavily indebted companies lower their debts.

“Global debt is at record highs and rising,” the IMF’s Fiscal Affairs Department chief Vitor Gaspar said.

Public and private debt — excluding the financial sector’s – at the end of last year hit $152 trillion, with around two-thirds owed by the private sector, the report said.

Measured against the size of the world economy, it rose from less than 200 percent of global GDP to 225 percent over the 15 years to 2015.

http://www.smh.com.au/business/the-economy/imf-singles-out-australia-as-global-debt-levels-hit-us152-trillion-20161005-grvwd3.html

The International Monetary Fund has singled out Australia as one of few countries where debt is increasing and bucking the global trend.

In its latest Fiscal Monitor, the IMF says after the global financial crisis, government debt in advanced economies rose rapidly, while private debt reached a turning point in 2012.

The largest reductions since were posted by those countries that entered the crisis with high debt levels.

“In some cases, however, private debt has continued to accumulate at a fast pace – notably, Australia, Canada and Singapore,” it said in the report released in Washington on Wednesday.”

http://www.telegraph.co.uk/business/2016/10/05/global-debt-hits-all-time-high-of-152-trillion-as-imf-warns-of-w/

“At 225pc of world GDP, the global debt …is currently at an all-time high. Two-thirds, amounting to about $100 trillion, consists of liabilities of the private sector which can carry great risks when they reach excessive levels,” the IMF said in its fiscal monitor.

“The sheer size of debt could set the stage for an unprecedented private deleveraging process that could thwart the fragile economic recovery.

———-

but its all good!

“Public and private debt — excluding the financial sector’s – at the end of last year hit $152 trillion, with around two-thirds owed by the private sector, the report said.”

this excludes the financials sector..let that sink in..

“At 225pc of world GDP, the global debt …is currently at an all-time high. Two-thirds, amounting to about $100 trillion, consists of liabilities of the private sector which can carry great risks when they reach excessive levels,” the IMF said in its fiscal monitor.”

they used to say 50% was the max..now its 225% and its still ok?

401

~ by seeker401 on October 10, 2016.

4 Responses to “IMF: Global debt at record high $152 trillion!”

  1. I’ve always thought that this is kind of scam: if they print the money out of nothing why should we/anybody owe them whatsoever?
    the dept is binding until we give it this binding force
    I might be wrong, though, economics is not my strength really…

  2. https://sputniknews.com/world/20161002/1045924265/switzerland-gold-storage-bunkers.html

  3. Someone owns all that debt – I wonder who they are ?

  4. Reblogged this on World Peace Forum.

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