The International Monetary Fund said that global debt has reached an all-time high of 184 trillion US dollars with the United States, China and Japan accounting for more than half of it.

According to the IMF report, the amount in nominal terms, is the equivalent of 225 per cent of the world GDP in 2017. 

On average, the world's debt now exceeds 86,000 dollars per person, which is more than two and half times the average income per-capita. IMF said it is striking that the most indebted economies in the world are also the richer ones.   

Since the beginning of the millennium, China's share in global debt has gone up from less than three per cent to over 15 per cent.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh

Todays Epaper

Which men's cricket team will reach in the semifinal of ICC World Cup 2019?