The Global debt reaches $296 trillion-dollar

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Global debt, which reached an all-time high in the second quarter of this year, fell slightly in the third quarter to $296 trillion.

The global debt level decreased slightly to $296 trillion in the third quarter of this year.

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According to the report, the volume of global debt was calculated at about $296 trillion in the third quarter of this year. The global debt amount was $280.1 trillion in the same period last year.

Global debt also declined slightly in the third quarter after hitting an all-time high in the second quarter of this year near a record low.

While the rise in global debt has slowed this year, it is estimated to drop to $295 trillion by the end of 2021, but it is still $36 trillion above pre-coronavirus levels.

The global debt-to-GDP ratio of countries continued to decline with the help of strong economic activity and rising inflation and dropped to 350 percent.

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The strong economic recovery has helped reduce the global debt-to-GDP ratio, with more than 70 percent of countries seeing a reduction in their debt ratios since the end of 2020.

The global debt-to-GDP ratio is expected to drop to 346% this year.

While the total debt of advanced economies fell to less than 204 trillion dollars in the third quarter of this year.

Emerging economies’ total debt reached an all-time high of $92.5 trillion.

While the ratio of total debt to GDP was 410 percent in the third quarter in advanced economies, it was 247 percent in developing economies.

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When analyzed by sectors, household debt was calculated at $55.4 trillion in the third quarter.

Non-financial corporate debt is $86.6 trillion, public debt is $86.3 trillion, and financial corporate debt is 67.8. trillion dollars.

While the increase in debt levels in developing countries is still concentrated in China, China has accounted for more than 80 percent of developing country debt accumulation since the beginning of the epidemic.

China’s total debt has increased by more than $13.7 trillion since the end of 2019.

China’s debt-to-GDP ratio has increased 25 percentage points to 330 percent since the end of 2019.

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On the other hand, the Eurozone and Japan were the places where the debt of developed countries fell the most, while the debt levels of the United States and Canada rose sharply.

In Turkey, when debt-to-GDP ratios are taken into account, household debt fell by two percentage points to 16.6 percent in the third quarter of the year.

This is compared to the same quarter of the previous year, and the debt of non-financial companies also decreased.

Public debt decreased by 10.6 points to 66.4 percent, and public debt decreased by 3.7 percentage points to 40.1 percent.

The debts of financial companies such as banks in Turkey decreased by 4.3 points to reach 25.6 percent in the period.

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On the other hand, the report indicated that spending on climate and environmental priorities still constitutes a very small part of the public spending of countries.