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Global Debt Database

Global debt hikes to all-time high of $184 trillion : IMF

WASHINGTON: The global debt has reached to an all-time high of $184 trillion, the International Monetary Fund (IMF) said in a recent update of its Global Debt Database. The world’s debt now exceeds $86,000 per person, more than two and half times the average income per-capita, the data showed. The updated figure equals 225 per cent of the global GDP in 2017. According to the IMF statement released with the data, “The top three borrowers in the world (United States, China, and Japan) account for more than half of…