According to the Borç Global Debt Monitor ”report issued by the International Finance Institute (IIF), the global debt amount, which increased by $ 9 trillion in three quarters of last year, rose to $ 253 trillion and broke the all-time record.
Due to ongoing monetary expansion policies, the amount of global debt is estimated to be over $ 257 trillion by the end of the first quarter of 2020.
The report, total debt at the end of the third quarter of 2019 in the world gross domestic product (GDP) reached 322 percent of the recorded.
New record in debt of developing countries
On the other hand, the report emerging non-financial markets companies by emphasizing the rising debt levels with an increase in the debt India, China, South Africa, households of emerging economies such as Brazil and Turkey, and in the third quarter of last year, total debt includes the debt of companies that 72 trillion dollars to be specified.