Wednesday, July 17, 2024

Live news: Emerging market debt hits record high of $100tn


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Rising market debt has hit a report excessive of over $100tn, a 3rd larger than pre-pandemic ranges, as issues mount about monetary leverage in a world of upper rates of interest.

World debt rose by $8.3tn within the first three months of the 12 months to $306.3tn, the very best stage for the reason that first quarter of final 12 months and second-highest quarterly studying ever, in line with the Institute of Worldwide Finance, in its quarterly international debt monitor.

World debt is now $45tn larger than its pre-pandemic stage and is “anticipated to proceed rising quickly,” stated the IIF, owing to ageing populations, rising healthcare prices, larger nationwide spending on defence and substantial local weather finance gaps.


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