Total debt as of Q3 2016 once again rose sharply, increasing by $11 trillion in the first 9 months of the year, hitting a new all time high of $217 trillion. As a result, late in 2016, global debt levels are now roughly 325% of the world’s GDP. Source: ZeroHedge
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China has threatened to attack Vietnamese bases over gas drilling in the disputed waters of the South China Sea, according to diplomatic sources in Hanoi and the Asian oil industry. Source The Sidney Morning Herald
Foreign assets of the Saudi Arabian Monetary Agency (SAMA) and the commercial Saudi banks reached SR1.996 trillion by the end of May, business daily Al-Eqtisadiah reported on Monday quoting the agency’s official figures. According to the figures, SAMA’s net foreign assets were SR1.844 trillion against foreign demands of SR18.462 billion. Source: Al Arabiya
The UK and US economies will expand more slowly in 2017, according to the IMF. It said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7% (earlier 2% forecast). The IMF also revised down its US growth forecast from 2.3% to 2.1%. Source: BBC News