World debt hits record $164 trillion as crisis hangover lingers

The International Monetary Fund says the global debt burden has soared to a record $ 164 trillion. This may make it difficult for the country to deal with the next depression and repay debt as the financial situation gets stricter

The Fund said Wednesday's semi-annual financial monitoring report that global public and private debt expanded to 205% of the world's GDP in 2016, the last year of data provided by the International Monetary Fund Stated. According to the Washington Foundation data, the last peak was in 2009.

In an interview, Mr. Wittor Gaspar, the finance manager of the IMF, says: "The $ 11.6 billion is a huge number." High level relationship. "

The global debt burden is shadowing the IMF's own optimistic outlook for the global economy, the strongest growth since 2011. The Fund is projected to expand 9% on Tuesday in 2018 and 2019, but it also shows that the global economy may be affected by tightening monetary policy and the subsequent end of the US stimulus package There.

In particular, integration is being promoted in China, as private sector debt is rapidly increasing. According to the Fund, since the global financial crisis, China has occupied about three quarters of the increase in private debt.

According to the data of the International Monetary Fund, the world is still recovering from the legacy of a 10-year debt, even after the global banking system crisis due to the financial crisis and the world economy got into recession. The government will increase expenditures to promote economic growth, but the central bank will use a method that is not a type to alleviate funding requirements such as purchasing bonds.

The International Monetary Fund (IMF) said the government's debt is so large that if the debt expires, particularly when the funding conditions become stricter, refinancing by the government may be difficult. The Fund stated that if the economy falls into recession, a large debt hinders the ability of each country to increase expenditure and may drive economic growth.

The International Monetary Fund (IMF) said that in order to increase expenditures in difficult times countries should take decisive action to rebuild their fiscal buffers. The Fund urges the US, which is expected to have a budget deficit of more than 1 trillion dollars by 2020, to "readjust" its fiscal policy so that medium-term government debt and GDP levels will decline .

The International Monetary Fund said last year's tax cuts and increased government spending in recent US budget agreements will benefit all income groups. According to the fund, one-fifth of the beneficiaries with the highest income are the most, followed by at least a fifth. Therefore he said that these measures may further help "shorten" the middle class income.

According to the Fund, many governments have uncomfortable debt and GDP levels. According to the International Monetary Fund, more than one-third of the developed countries have debt and GDP levels above 85%. This is three times the year 2000. Among the major economies, Japan had 236% of the highest debt and GDP levels last year, followed by 132% Italy and 108% of the United States.

At the same time, one-fifth of emerging and middle-income countries have debt levels exceeding 70% of GDP, Brazil accounts for 84%, India accounts for 70.2%. The International Monetary Fund said last year China's total government debt is 47.8%.

The deficit this year is expected to reach 1.33 trillion dollars. The total value of government bonds has surpassed 16 trillion dollars, and health insurance and social security departments are facing about 40 trillion dollars on long-term unpaid debts. Last year's summer "USA Today" front page report headline summarizes the seriousness of the financial crisis the United States is facing. "The US owes 62 trillion dollars." Unless we change direction, we continue to spend large-scale government spending and public debt soaring. It will weaken the foundation of our economy and make America's dreams beyond our children and grandchildren. As we were forced to undertake all of our parents' debt at the age of 18, we cried unreasonably and afford to buy descendants with such a heavy debt burden for a good conscientious burden There is none.

The United States is in the midst of a historical debt crisis. The debt of student loans has recorded a record high of more than 1 trillion dollars and the average household debt in the US is estimated to exceed 100 thousand dollars. The proportion of household debt to GDP has declined in recent years, but it is still higher than almost all the times after World War II. However, in a variety of ways, I succeeded in achieving an amount over $ 500,000 with the theme of "getting black". The black target looks for gold in the ocean floor to repay the debt. Another sale of jewelry with the theme of video game at Etsy. Many of them are extremely austerity living. To our surprise, only one person is driving Uber