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Global debt set a new record. In relation to GDP, it is declining again

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(Teleborsa) – The Global debt – This includes public debt, households, businesses and banks Increased $ 4.8 trillion per share $ 296 trillion In the second quarter of 2021, a new record was reached. A new report by the Institute of International Finance (IIF) states that global debt has risen again after a slight decline in the first quarter and is now $ 36 trillion more than it was before the epidemic.

Led to an increase in global debt Families – added $ 1.5 trillion in debt in the first half of the year – led by the US, China and Brazil. At the same time, government and corporate debt increased by $ 1.3 trillion and $ 1.2 trillion, respectively, in the first half of the year. The increase in debt was the strongest Emerging markets, Total debt increased by $ 3.5 trillion in the second quarter, sending remittances to $ 92 trillion in total.

At the same time, the The debt-to-GDP ratio has declined For the first time since the onset of the epidemic, thanks to a return to economic growth. This figure is down nine percentage points – from the three-month premium peak in 2021 – to 353% Of the global gross domestic product.

“In most cases the recovery is not strong enough to bring the debt ratio below the pandemic pre-level,” Emre Tiftyk, director of sustainable research at IIF, wrote in the report. Excluding the economic sector, only Mexico, Argentina, Denmark, Ireland and Lebanon have lower pre-pandemic debt ratios, the report said. as well as, Observed in 51 of 61 countries They have seen a decline in the amount of debt compared to GDP.

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(Photo: © Moodboard Moodboard / 123RF)

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