KONTAN.CO.ID - NEW YORK. Global debt dipped in the third quarter though it remained near the record high set in June, while debt in emerging markets hit a fresh record high of $92.5 trillion, a report showed on Wednesday. Total debt, including that owed by governments, households and companies, dipped to $296 trillion at the end of September, after an increase to record highs in the second quarter. It stands about $36 trillion above pre-pandemic levels. The ratio of debt to annual global economic output fell more than 10 percentage points from July through September, hitting 350% at the end of the third quarter, as economies across the globe recover from the pandemic-induced slow downs, data from the Institute of International Finance showed.
Total global debt dips, but emerging market debt hits record high
KONTAN.CO.ID - NEW YORK. Global debt dipped in the third quarter though it remained near the record high set in June, while debt in emerging markets hit a fresh record high of $92.5 trillion, a report showed on Wednesday. Total debt, including that owed by governments, households and companies, dipped to $296 trillion at the end of September, after an increase to record highs in the second quarter. It stands about $36 trillion above pre-pandemic levels. The ratio of debt to annual global economic output fell more than 10 percentage points from July through September, hitting 350% at the end of the third quarter, as economies across the globe recover from the pandemic-induced slow downs, data from the Institute of International Finance showed.