GLOBAL DEBT-TO-GDP HITS RECORD HIGH IN Q3 OF 2019

The global debt-to-GDP ratio hit a new all-time high in the third quarter of 2019, raising concerns about the financing of infrastructure projects.

The Institute of International Finance reported Monday that debt-to-GDP rose to 322%, with total debt reaching close to $253 trillion and total debt across the household, government, financial and non-financial corporate sectors surging by some $9 trillion in the first three quarters of 2019 .

Additionally, the IIF sees debt growth accelerating this year.

“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in Q1 2020, driven mainly by non-financial sector debt (now approaching $200 trillion),” it said.

The first-quarter estimate works out at around $32,500 in debt for each of the 7.7 billion people on planet and more than 3.2 times the world’s annual economic output, according to Reuters.