Global debt to top record $255 trn by 2019-end, no signs of slowing: Report

Global debt is on course to end 2019 at a record high of more than $255 trillion, the Institute of International Finance estimated on Friday -- nearly $32,500 for each of the 7.7 billion people on planet. The amount, which is also more than three times the world's annual economic output, has been driven by a $7.

5 trillion surge in the first half of the year that shows no signs of slowing. Around 60% of that jump came from the United States and China. Government debt alone is set to top $70 trillion this year, as will overall debt.

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