Data from the Bank of England shows that credit card and loan growth slowed in November, increasing at its slowest rate since December 2015 when it expanded by 8.7 per cent. Last month saw a 9.1 per cent increase after October’s 9.5 per cent. Meanwhile Bloomberg reports that in Q3 2017 global debt reached $233 trillion, $16 trillion higher than at the end of 2016, with new record highs in the private non-financial sector in Canada, France, Hong Kong, South Korea, Switzerland and Turkey.
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