Global debt hits record of over $417 trillion, banking trade group says

Quick Summary:

China, France, and Germany were the largest contributors to the global debt increase, said the Institute of International Finance.

However, in emerging markets the ratio hit a record high at 245 per cent.

Yet the debt-to-GDP ratio of emerging markets ex-China fell to below 180 per cent, some 15 percentage points below the record high, the IIF said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilCanadaChinaFranceGermanyIndiaPolandTurkey

Topics: China Increase Record Cent Trillion Emerging Markets Trade Debt Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 21:40:11 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28448724

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