Daily Management Review

S&P Global Predicts The ‘Global Sovereign Debt’ To Touch ‘$50 Trillion’ This Year


02/25/2019


The forecast on global debt warns that it will eat into 70% of refinancing for paying long-term debts that are maturing.



The forecast on global debt warns that it will eat into 70% of refinancing for paying long-term debts that are maturing.
Body
As per the forecast of the S&P Global, the ratings agency, this year, the sovereign debt’s global amount could hit “$50 trillion” in case another jump is observed in the governments’ burrowing. The predictions said that sovereign burrowing could equal to “$7.78 trillion this year”, whereby marking a hike of 3.2% on 2018.
 
In the words of Karen Vartapetov, a credit analyst at S&P Global Ratings:
“Some 70 percent, or $5.5 trillion, of sovereigns’ gross borrowing will be to refinance maturing long-term debt, resulting in an estimated net borrowing requirement of about $2.3 trillion, or 2.6 percent of the GDP of rated sovereigns”.
 
In case, the total of debt pile were to go up to “$50 trillion”, it would mark a 6% increment mover the last year’s figure with partly being “exacerbated” by swing of exchange rate.
 
References:
reuters.com







Science & Technology

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

Reuters: Chinese hackers were stealing data from IT giants for years

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

World Politics

World & Politics

France announces new tax for air fares

Europe Concerned Over Iran Move To Breach Uranium Enrichment Cap

Singapore To Build ‘$296 Million’ Smart Next-Gen Army Training Centre

No More Sales Of E-Cigarettes In San Francisco?

US ‘Hell-Bent On Hostile Acts’ Even After Trump-Kim Agreement, Says North Korea

Italy avoids EU sanctions for high national debt

Trump allocates 4.6 bln to help migrants

Iran Says Trump’s Belief That US-Iran War Would Be Short Is “An Illusion”