A $13 Trillion Debt Bill Comes Due for Big Economies
- G-7, emerging economies face biggest refinancings in decade
- Central banks in pandemic-fighting mode to keep yields low
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The world’s biggest economies shouldering record debt burdens are about to confront an unwelcome legacy of the financial crisis: a $13 trillion debt bill.
The Group of Seven nations plus key emerging markets face the heaviest bond maturities in at least a decade, much of them borrowings to dig their economies out of the worst slump since the Great Depression. According to data compiled by Bloomberg, these governments may need to roll over 51% more debt than in 2020.