Published by
Reuters UK
Reuters UK
By Tommy Wilkes LONDON (Reuters) – Emerging market borrowing led by China inflated the global debt mountain to a record $303 trillion in 2021, although the global debt-to-GDP ratio improved as developed economies rebounded, the Institute of International Finance said on Wednesday. The $10 trillion rise in the global debt pile was down from the $33 trillion increase in 2020 when COVID-19-related expenditure soared. Global debt-to-GDP – https://fingfx.thomsonreuters.com/gfx/mkt/akvezxgblpr/bis%20chart%20one.PNG But more than 80% of last year’s new debt burden came from emerging markets, where to…