Warnings of global debt build-up keep mounting
S&P says total sovereign debt will rise 2.3% this year from 2016 to US$44.3t at projected market exchange rates
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Tokyo
WORLDWIDE sovereign debt is set to reach a new high this year, international ratings agency S&P Global (formerly known as Standard & Poor's) has signalled in a report that adds to a growing chorus of warnings about a more general build-up of global debt.
Total debt among sovereign borrowers will continue to increase in 2017, rising by almost US$1 trillion or 2.3 per cent to US$44.3 trillion over 2016 levels at projected market exchange rates, S&P said in a report last Friday.
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