IMF Sounds Alarm on Emerging-Market Debt Crisis - Asia Financial

The average ratio of public debt to gross domestic product—a key measure of a country’s fiscal health—rose to a record 67% last year in emerging market countries

The coronavirus pandemic has left emerging-market banks – including those in Asia-Pacific – holding record levels of government debt, increasing the odds that public-sector finance pressures could th… [+1758 chars]

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