Oddbean

Key debt ratio resumes rise as global debt burden hits record US$315 tril, IIF says ========== The global debt-to-output ratio rose to 333% as global debt hit a record high of US$315 trillion in Q1 2024. Debt in emerging markets grew to over US$105 trillion, with China, India, and Mexico being the largest contributors. Government budget deficits are projected to contribute around US$5.3 trillion to global debt accumulation this year. Interest rates have remained high, leading to higher borrowing costs and weakened currencies in many emerging markets. Egypt and Pakistan are expected to have the highest interest expense on government debt. The US and Japan saw the quickest rise in debt among developed economies. The US level of spending is a concern and out of line with long-term fiscal sustainability, according to the International Monetary Fund. #GlobalDebt #DebttooutputRatio #EmergingMarkets #GovernmentBudgetDeficits #InterestRates #BorrowingCosts https://theedgemalaysia.com/node/710680