IPFS News Link • Government Debt & Financing
Global debt reaches US$ 217 trillion
• nextbigfuture.com Author: brian wangHowever, Emerging Market economies borrowing more heavily, global debt has set a new record high of USD217 trillion (over 327% of GDP) in early 2017.
Such debts will become costlier to service if Western interest rates rise and currencies strengthen.
While U.S. interest rates have already been raised four times, the euro has surged to one-year highs after Draghi's comments on Tuesday, while German 10-year government bond yields – the benchmark for euro area borrowing – have doubled over the past two days.