MAMELLO MATIKINCA-NGWENYA: Global debt mountain looms over all countries
Emerging markets are at particular risk in a world in which borrowing has reached $307-trillion
Global debt is estimated to have reached a record high in the second quarter of 2023. At an estimated $307-trillion (R5.815-quadrillion), this number has continued to escalate from the pandemic-induced lift in 2020 and now equates to about 336% of global GDP.
Of this global debt stock, public debt accounts for about 40% but has nevertheless accelerated at the fastest pace...
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