Worldwide debt more than triple economic output as central bank shift looms
Posted: Wed Oct 25, 2017 7:45 am
Reuters - 10/25/2017 - Marc Jones - Worldwide debt has risen to a record $226 trillion - more than three times global annual economic output - and firms in more countries are struggling to service loans, a study shows, just as key central banks prepare to end super-cheap credit policies. World markets are expected to get confirmation over the next week that normalizing global interest rates from the extraordinarily low levels introduced to offset the fallout of the 2009 credit crash is no longer just a U.S. phenomena. Read more @ https://www.reuters.com/article/us-glob ... SKBN1CU1V9