LONDON: Global government debt is set to rise 9.5 per cent this year to a record US$71.6 trillion, driven by the United States, Japan and China, asset management firm Janus Henderson said in a report on Wednesday .
Among large, developed economies, Germany saw the biggest increase in percentage terms, with its debt rising by 15 per cent, almost twice the average global pace. And a strong global economic recovery meant the global debt-to-GDP ratio improved to 80.7 per cent in 2021 from 87.5 per cent in 2020, the report added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global sovereign debt to rise almost 10per cent to new high in 2022 - Janus HendersonLONDON : Global government debt is set to rise 9.5per cent this year to a record $71.6 trillion, driven by the United States, Japan and China, asset management firm Janus Henderson said in a report on Wednesday.Governments across the world have ramped up borrowing since the COVID-19 pandemic erupted two y
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOJ should act in line with global central banks, former Japan govt adviser saysTOKYO : Japan's central bank should hike interest rates to ensure the country will not fall out of lockstep with the rest of the world in its monetary policy, an associate of Prime Minister Fumio Kishida whose ideas likely inspired the premier's economic policy framework said.Kishida's government should u
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »