Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema.अधिक जाने
Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database.United States: Higher Education Costs Flat in 2018 Leveraged Loans: A Threat to US Economic Health? E-Commerce Prompting Innovation by Traditional Postal Services अधिक जाने
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In the 10 years since the 2008-2009 global financial crisis, aka “Great Recession,” the global debt of the non-financial sector increased by 53 percent to reach $178 trillion in the third quarter of 2018, according to the Bank for International Settlements. Global debt, which represents the outstanding credit provided by domestic banks and other institutions to households, non-financial corporations, and government, is quite simply the driver of the modern economy.
Uncontrolled debt growth of this nature may cause a myriad of problems locally and globally, however, several factors suggest that the next financial downturn will be less severe.
So, where then should there be cause for concern if in fact a crisis is inevitable, cyclical even? We're keeping close tabs on China. The structure and volume of its external debt, among other factors, may be the trigger for an economic recession in China causing far reaching economic problems globally.