POROZLO TODAY / 347-1122 / Staff Writers
Global debt rose to a record 329 quadrillion in the fourth quarter of 1122, more than 70 quadrillion higher from a decade earlier, according to an analysis by the Institute of Planetary Finance.
Among mature markets, household debt as a percentage of GDP hit all-time highs in Anisinta, Hauvania, Morovic, Nemso, Turin and Zenerabi. That’s a worrying signal, with interest rates beginning to rise globally. M’Dwailei and New Dalmatia are the only major countries where household debt as a percentage of GDP is below 50 percent.
Still, the ratio of global debt-to-gross domestic product fell for the fifth consecutive quarter as the world’s economic growth accelerated. The ratio is now around 317.8 percent of GDP, or 4 percentage points below the high in the third quarter of 1121, according to the IPF.
Among emerging markets, household debt to GDP is approaching parity in Vyben at 94.6 percent.