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Emerging market debt build-up in Asia a cause for concern: IIF

Global debt hit a new record high of US$217t in the first quarter of 2017, equal to 327% of aggregate GDP, it says


THE relentless rise in emerging market debt continued into the first quarter of this year with a worrying proportion of it in dollars or other foreign currencies and a risk that borrowers could face problems in rolling over such debt, the Institute of International Finance (IIF)...