Finance industry chief warns of 'white elephants' amid record global debt
Total worldwide debt hit $253 trillion by the end of September 2019, with record-low interest rates making it easier for corporates, governments and individuals to borrow.
The IIF is an association of financial institutions which was formed following the debt crisis of the 1980s.With global debt set to exceed $257 trillion in the first quarter of 2020, the head of the Institute of International Finance has warned that "white elephants" in emerging markets could pose a problem.by the end of September 2019, with record-low interest rates making it easier for corporates, governments and individuals to borrow.
Global debt compared against total output surpassed 322% in the third quarter of 2019 and will continue to grow, according to the latest IIF report. "We see a huge run-up in debt and leverage in this cycle, whether it's emerging markets or mature markets, whether it's corporates, sovereigns or households, and yet interest rates don't move, so maybe markets are telling us that we still have more capacity … but I worry about it nonetheless," IIF President and CEO Tim Adams told CNBC at the World Economic Forum in Davos on Thursday.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stocks retreat from record highs at open as investors return from holidaysU.S. stocks opened modestly lower on Tuesday as the stock-market took a breather from its record-breaking climb, amid some worries around muted global growth...
Weiterlesen »
Beware of 'falling iguanas': Cold weather in South Florida spurs unusual forecastNational Weather Service in Miami issues falling iguana warning amid cold temps for southern Florida.
Weiterlesen »
Why this gin is made with elephant dungGin lover? Had a long day? Ready to sit back, relax and enjoy a gin and tonic? Heads up, it could have been sourced from elephant dung.
Weiterlesen »
Grammy Awards Nominating Is Marred by Insider Deals, Ousted CEO’s Complaint AllegesAmid the multiple claims in former Recording Academy boss Deborah Dugan’s blockbuster complaint against the organization is a section that is deeply critical of the Grammy Awards nominating process…
Weiterlesen »