The Guardian (September 23)
“Three heavyweight international bodies have issued stark warnings about the risks of rising debt levels and soaring borrowing costs across large economies.” On Wednesday, the OECD, IMF and International Institute of Finance (IIF) all “highlighted the dangers of soaring interest rates on $365tn (£275tn) in global borrowing.”
Tags: $365tn, Costs, Dangers, Debt levels, Global borrowing, Heavyweight, IIF, IMF, International bodies, Issued, Large economies, OECD, Rising, Risks, Soaring, Stark warnings
Financial Times (December 10)
“Global public debt is set to exceed $100tn by the end of this year” according to IMF estimates, “with total government borrowing set to approach 100 per cent of global GDP by the end of the decade.” This development led the outgoing chief economist of the Bank for International Settlements to warn that “rising government debt levels will cause turbulence in the global economy and financial markets unless political leaders start tackling them soon.”
Tags: $100tn, BIS, Borrowing, Chief economist, Debt levels, Economy, Financial markets, GDP, Global, Government, IMF, Political leaders, Public debt, Turbulence
Bloomberg (July 15)
“As the world’s largest exporter, China continues to benefit from robust global demand, but the increase in tensions and trade barriers with the U.S. is weighing on the outlook…. President Xi Jinping may ultimately have to choose between softening his multi-year campaign to control debt levels, or letting growth dip below the target of 6.5 percent.”
Tags: China, Debt levels, Exporter, Global demand, Growth, Outlook, Target, Tensions, Trade barriers, U.S., Xi
