ISTANBUL
The global debt jumped by $7.5 trillion to reach $250.09 trillion year-on-year in the first half of 2019, said a global trade group of financial institutions.
Households, non-financial corporates, governments, and financial sector’ total debt amounted to more than threefold (320%) of the global GDP, the U.S.-based Institute of International Finance said Thursday.
Mature markets’ debt constituted 71.8% of the total global debt with $179.5 billion, its data showed.
Emerging markets’ debt also hit a record by reaching $71.4 billion or 220% of their GDP, up from $66.8 billion in the same half last year.
Read more: Global debt hits over $250T in H1: US-based trade group
