Why the world is drowning in debt – again
The TelegraphEmre Tiftik, a director at the IIF, believes countries have become addicted to debt. And there’s this omnipotent feeling that central banks and governments can manage all of this stuff I’m cautious.” Mohamed El-Erian, chief economic adviser at Allianz, says the debt reckoning will not hit countries equally. “While debt burdens are rising in most countries around the world, the implications vary quite a bit,” he says. A silent crisis Ayhan Kose, the World Bank’s deputy chief economist, says that even if countries do not default, many are already in the middle of a “silent debt crisis”, where borrowing over a number of years has left countries permanently teetering on the brink of bankruptcy. Dollar-denominated debt also remains an issue for countries as the combination of rising interest rates and fears about the global economy push up the value of the dollar compared with emerging market currencies.
History of this topic
How Trump, Starmer and Macron can avoid a debt crunch
Live Mint
The alarming increase in global debt
New Indian ExpressThe UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
Associated Press
Why the G-20 ‘Common Framework’ for Debt Relief Isn’t Helping Poor Nations
Bloomberg
Global debt surges to record high as borrowing costs bite
The Telegraph
Global debt surges to record $307 trillion amid borrowing binge
The Telegraph
China's great wall of debt driving ‘unsustainable’ increase in borrowing, IMF warns
The Telegraph3.3 billion people live in countries that spend more on debt interest than education, UN says
Associated Press
How does US debt rank compared with the rest of the world?
Al Jazeera
Understanding short and long-term debt cycles
Live Mint
IMF, World Bank chiefs warn of debt squeeze in poor nations
Associated Press
US debt hasn’t been this high since World War II. That’s ok…for now
CNNDiscover Related
)
