global sovereign debt to hit new alltime high
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Global sovereign debt to hit new all-time high

Arab Today, arab today

Arab Today, arab today Global sovereign debt to hit new all-time high

Wall Street entrance of the New York Stock Exchange
London - Arab Today

Worldwide sovereign debt is set to reach a new record high of $44 trillion this year despite a slight reduction in governments’ annual borrowing, an estimate from credit ratings agency S&P Global said on Friday.
The firm calculated that this year’s sovereign borrowing was likely to be $6.8 trillion, down around 4 percent or $315 billion on 2016’s amount and to 9 percent of global gross domestic product (GDP).
Absolute debt levels will continue to increase however. S&P projects an almost $1 trillion rise to $44.3 trillion, up 2.3 percent at projected market exchange rates.
The US at $2.2 trillion and Japan at over $1.8 trillion will again be the most prolific borrowers this year, accounting for 60 percent of the total, followed by China, Italy and France.
Moritz Kraemer, S&P’s chief sovereign analyst, said that using the idea of a calendar gave a perspective of the huge scale of US borrowing.
If it were distributed evenly across the year, US issuance “would have already covered Switzerland’s 2017 borrowing needs at lunchtime on Jan. 1; Brazil’s on Jan. 30 and Italy’s on Feb. 17,” Kraemer said.
With the exception of Japan, it would then have passed China’s and also the rest of the world’s by Feb. 28.
Britain’s post-Brexit double downgrade will mean the percentage of world debt now with a top grade “triple-A” rating will fall to an all-time low of just 7 percent down from around 13 percent a year ago.
S&P’s calculations also showed Japan faces by far the highest debt rollover ratio this year, reaching a sum equivalent to 66 percent or two-thirds of the size of its economy.
Japan had the highest debt levels in the world at 254 percent of GDP in 2016, followed by Greece and then Lebanon at 142 percent.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global sovereign debt to hit new alltime high global sovereign debt to hit new alltime high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global sovereign debt to hit new alltime high global sovereign debt to hit new alltime high

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday