The Economy rise in world debt to high levels

Twilight News / Global debt rose to $ 233 trillion in the third quarter of 2017, more than $ 16 trillion, reaching the end of 2016.

The non-financial private sector debt reached its highest levels in Canada, France, Hong Kong, South Korea, Switzerland and Turkey, the International Finance Institute (IFC) said on Saturday.

On the other hand, the debt to GDP ratio declined for the fourth consecutive quarter as economic growth accelerated, reaching 318%, or 3 percentage points lower than the high rate in the third quarter of 2016.

"A combination of factors, including global economic growth, high inflation rates in both China and Turkey, and efforts to prevent the accumulation of debt in China and Canada, to avoid instability, have contributed to a decline In the ratio of global debt to GDP. "

The United Nations calculates that the world's population is 7.6 billion, which means that per capita global debt exceeds $ 30,000.

The Institute's analysts argued that the debt increase could ultimately curb central banks in an attempt to raise interest rates, given the concern over the ability of these debts to affect the services of already indebted companies and governments.