Report: The World Is Swimming in a Record $233 Trillion of Debt - Breitbart
Description: Joe Ciolli writes at Business Insider that a new report claims worldwide debt climbed to a new record in 2017.
Keywords: debt,Economics, National Security,debt
Date: 2018-01-06T08:19:46-08:00

# Report: The World Is Swimming in a Record $233 Trillion of Debt

Dan Kitwood/Getty Images

by Breitbart News 6 Jan 2018 0

6 Jan, 2018 6 Jan, 2018

## Joe Ciolli writes at Business Insider that a new report claims worldwide debt climbed to a new record in 2017:

> Global debt soared to a record $233 trillion in the third quarter of 2017, according to a report from the Institute of International Finance.

> That marked a $16.5 trillion — or 8% — increase from the end of 2016. It also reflected record highs for private nonfinancial sector debt in Canada, France, Hong Kong, Korea, Switzerland, and Turkey.

> One possible side effect of this massive debt burden could be a reluctance from central banks to tighten lending conditions, the IIF says. It points out in the report that because a prolonged low-interest-rate environment contributed to the swelling of debt levels, sovereign banks may be reluctant to rock the boat by hiking.

Read the rest of the story at Business Insider.

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