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global-economy2 years ago•1 min saved

Global Debt Reaches Record $88 Trillion, Prompting Fiscal Alarm

The Institute of International Finance's CEO, Tim Adams, has raised concerns about the record levels of global debt, emphasizing the urgent need for policymakers to address the "huge fiscal problem." With global debt reaching $307.4 trillion in the third quarter of 2023 and expected to rise further, Adams highlighted the risks posed by high debt levels, particularly in the context of aging populations and upcoming elections that could lead to increased populism. He stressed the importance of swiftly and intelligently addressing fiscal imbalances to avoid a potential crisis.

via CNBC|

#fiscal-imbalances #global-banking #global-debt

economy2 years ago•2 min saved

China's Debt Outflow Streak Ends as Loan Issuance Hits Lowest Level Since 2009

Foreign investors poured over $3 billion into Chinese debt in July, marking the first net monthly inflows this year for China. However, the inflows were less than a third of the amount seen in December 2022. In addition, there was a $7.7 billion inflow from non-locals to Chinese stocks, the second-largest monthly inflows in 2023. Overall, emerging markets attracted a total of $32.8 billion in portfolio flows in July, the largest since January, with Asia leading the way in terms of regional inflows.

via Reuters|

#china #debt-inflows #economy