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World Bank chief economist says rising Asia debt levels could hold back growth

World Bank Chief Economist Indermit Gill spoke with Reuters in an interview on MondayRising debt levels among "seemingly healthy" countries in Asia could drag growth in the region below currently forecast levelssaid surprisingly high debt levels in Asia were a concern, noting that increased government borrowing from domestic markets would limit the level of credit available to private firms, resulting in faltering investment. "We have a simultaneous problems: too much debt and too little inv... Read More

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Asia

Debt

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Forex

Posted: Oct 10 2023, 00:56

Author Name: forexlive

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