Global debt volume likely to hit record levels of $ 255 trillion this year

Each resident of the 7.7 billion population of the neighborhood will be paid an average of US $ 32500

Each resident of the 7.7 billion population of the neighborhood will be paid an average of US $ 32500

London … News Time

Economists have said that the overall volume of loans received worldwide will reach a record level of $ 255 trillion by the end of this year; this amount is equivalent to three times the annual global economic output, which would cost an average of $ 32500 per inhabitant of the 7.7 billion population of the planet. London Institute of International Finance experts said in a recent review report. He said that worldwide debt acquisition is increasing rapidly, bringing the total volume of loans received globally to $ 255 trillion by the end of this year. During the first 6 months of this year, $ 7.5 trillion in loans were received worldwide, he said, which indicates that there is no possibility of slowing down the loan. More than 60% increase in debt due to US and Chinese governments borrowing whose loan volume is expected to reach $ 70 trillion by the end of this year. The report said that the bonds market has also grown rapidly, with the volume of the market at $ 87 trillion in 2009, which has now increased to $ 115 trillion. The volume of government loans through bonds, which was 40% in 2009, has now increased to 47% of total bond loans.

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