Global Debt

In 2016, global debt set a new record at $164 trillion dollars. According to the International Monetary Fund, global debt has again hit an all-time high, racking up at an impressive $188 trillion dollars. This is more than double the output of the current global economy and has raised some concerns regarding its global effects.

The main issue is that the burden of such high debts can leave governments, industries, and households "vulnerable to a sudden tightening of financial conditions".

Kristalina Georgieva, the Managing Director of IMF, has called for several steps to help in minimizing further debt. She calls for making lending practices more transparent and restructuring debt with non-traditional leaders.