Asia's Rapid Debt Buildup Tops Developing Markets, IIF Says
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Debt in developing markets is estimated to have reached $58.6 trillion at the start of 2015, with credit in China, Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea and Thailand exceeding that of Latin America, emerging Europe and the Middle East, according to the Institute of International Finance.
Emerging-market debt has grown $28 trillion since 2009, according to the IIF, which on Monday introduced a database tracking 18 developing markets. Global debt has soared $50 trillion during the period to surpass a total of $240 trillion, or 320 percent of gross domestic product, in early 2015.