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Worldwide debt rises to record $226 trn - 3 times more than economic output

Years of cheap central bank cash has pushed world stock markets to successive record highs.

Reuters  |  London 

Worldwide debt has risen to a record $226 trillion - more than three times global annual economic output - and firms in more countries are struggling to service loans, a study shows, just as key central banks prepare to end super-cheap credit policies. World markets are expected to get confirmation over the next week that normalising global interest rates from the extraordinarily low levels introduced to offset the fallout of the 2009 credit crash is no longer just a U.S. phenomena. The European Central Bank will lay out cuts to its 2-1/2 year-old stimulus programme on Thursday, ...

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First Published: Wed, October 25 2017. 20:45 IST