⚠️Global debt hit a new record
World's debt reached a whopping $322.9 trillion in Q3 2024
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Global debt rose by over $12 trillion in Q1-Q3 2024 and hit a MASSIVE $322.9 trillion, a new all-time high. Over the last 2 decades, the world's debt has TRIPLED.
At the same time, the debt-to-GDP ratio fell to 326% which is ~30 percentage points below the 2021 record but remains above 2019. To put this differently, debt is more than 3 TIMES larger than the size of the world economy.
Notably, debt in emerging markets is near a record $105 trillion - or 245% of their economies’ GDP. Truly mind-blowing numbers.
The current economic and financial system is built on a massive debt pile. What are some of the consequences of huge indebtedness and how to invest in such a world can be found in the first listed article below.
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