Emerging market debt ratio climbs back to record highs – IIF

‘ debt-to-gross domestic product ratio returned to record highs despite a $6.4-trillion decline in the global debt pile to $290 trillion in the third quarter due to a strong dollar and slowing bond sales, an Institute of International Finance report found.

Soaring energy and food prices have continued to push interest rates and funding costs higher globally, while governments have ramped up spending to shore up economies. “The global sovereign interest bill is set to increase rapidly, notably for sub-Saharan Africa but also in EM Europe.”are far from over and more defaults were likely.

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