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Global debt level hits $233 trillion record high in the third quarter of 2017, IIF says

Extensive debt levels soared to a record high of $233 trillion in the third fourth of 2017, the Institute of International Finance (IIF) said on Thursday, though it prominent that robust economic growth meant debt-to-GDP ratios were flagging.

The Washington DC-based financial industry body said while complete debt had risen by $16 trillion in the third quarter compared to end-2016, in hock ratio to global gross domestic product (GDP) had fallen for the fourth dwelling in a row as the world economy expanded.

It was referring to total debt incurred by the household, regulation, financial and non-financial corporate sectors.

However, China which has accounted for the lion’s split of new debt in emerging markets, saw the pace of debt accumulation slow; liable rose by two percentage points last year to 294 percent of GDP, related to an average annual increase of 17 percentage points in the 2012-2016 patch.

The IIF warned however, of “heavy emerging market redemptions” noting that in $1.5 trillion of bonds and syndicated loans would be maturing into done with end-2018. China, Russia, Korea and Brazil had heavy dollar-debt repayment time this year, it added.

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