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[size=30]Emerging-market debt falls for first time since 2011[/size]
11/10/2017 10:24 | Number of readings:
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[rtl]Trend Press / London[/rtl]
[rtl]"Government and private sector debt in emerging economies as a percentage to GDP fell this year for the first time since 2011," a JPMorgan report showed.[/rtl]
[rtl]After five consecutive years of increases, the debt-to-GDP ratio declined last year to 116.5 percent, down 2.1 percentage points. With China excluded, emerging-market debt fell to 77.9 percent of GDP.[/rtl]
[rtl]"Credit growth for the private sector remains 43 percent higher than in 2008, but most of the increase is largely due to borrowing in China, the world's second-largest economy," the JPMorgan report said on Wednesday.[/rtl]
[rtl]He pointed out that 87 percent of government debt owed to domestic lenders, while 93 percent of private sector debt.[/rtl]
[rtl]http://aletejahtv.org/permalink/185917.html
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