Global Broad Money Supply Hits Record $142 Trillion in September
Covering 169 economies and 99% of global GDP, the 6.7% annual rise is fueled largely by China and U.S. monetary growth.
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Terms & Concepts
- Broad Money Supply: A measure of total money in an economy, including cash, deposits, and liquid assets available for spending.
- Global GDP: The combined gross domestic product of all countries, representing total economic output worldwide.
- Year-on-Year (YoY) Growth: A comparison of a statistic for one period (usually a month or quarter) with the same period in the previous year.