Global world debt has almost peaked

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According to Reuters, in the third quarter of 2018, global debt increased by 3.9% and increased by 0.7% compared to the previous quarter. Debt reached a record high in the first quarter of 2018, with a value of 247.7 trillion dollars. In the third quarter, the figure rose to $244.2 trillion compared with $235.1 trillion in the second quarter. Similarly, the debt of non-financial organizations increased and reached $72.9 trillion in the third quarter of 2018 against 68.6 trillion in 2017 and $71.8 trillion in the second quarter. The total debt of non-financial organizations now amounts to 92% of the value of global GDP. This figure is higher than ever recorded.

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