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Global debt is not yet at financial crisis levels — but could be set for an explosion with China leading the way
Global debt is at significant levels but isn't high enough to draw comparisons with 2008 just yet though emerging markets are in a dangerous position.
Global debt has swelled to $244 trillion, the Institute of International Finance says. Meanwhile, the ratio of debt to GDP worldwide hit a record.
Global debt soared to a record $233 trillion in the third quarter of 2017, according to a report from the Institute of International Finance.