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Fund manager issues warning on surge in developed nation debt
Between 2000 and the end of 2013, developed economies' outstanding debt soared by US$66 trillion to US$102.7 trillion
Add BT as a preferred sourcePublished Sun, Dec 14, 2014 · 09:50 PM
London
A MASSIVE developed nation surge in sovereign and corporate bonds and other debt is seriously disturbing for both developed and emerging nations.
Between 2000 and the end of 2013, developed economies' outstanding government and corporate debt soared by an astonishing US$66 trillion to US$102.7 trillion, according to Ashmore Group, an emerging market specialist fund manager with US$71 billion under management. This compares with a rise of US$17 trillion in gross domestic product (GDP).
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