Yahoo Finance World debt stock lifted to $100 trillion by government deficits
THE SIZE of global debt markets swelled to over $100 trillion (£59.79 trillion) in the middle of last year, according to a report by the Bank for International Settlements (BIS).
The figure has grown from $70bn in the middle of 2007, driven up partly by additional government borrowing in the wake of the financial crisis.
According to a report released yesterday by the BIS, outstanding debt issued by governments has grown by 80 per cent in the same six year period, up to $43bn.
While domestic debt markets have expanded, growth in international debt markets has stalled since mid-2007, and cross-border debt investments made up a smaller portion of the market in late 2012 than in 2007.
