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Global debt load at a record $247 trillion in first quarter - IIF

Reuters  |  NEW YORK 

By Daniel BasesNEW YORK (Reuters) - The amount of debt held by both mature and emerging markets tracked by the Institute of International Finance rose to a record $247 trillion in the first quarter of 2018, up 11.1 percent from the same period a year ago.The report released on Tuesday by the IIF, a global bank lobbying group, said the ratio of debt to gross domestic product of these nations, which include the Group of Seven industrialized nations and the majority of emerging market economies, increased to 318 percent. That is the first quarterly increase in the debt-to-GDP ratio since the ...

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First Published: Tue, July 10 2018. 22:01 IST