April 25, 2024
World Economy

G-20 Stays Quiet on Debt After China Delegates Raised Objections

Global finance chiefs are poised to march out of their Group of 20 meeting with a sense of collective reticence to talk about just how much they’re borrowing.

In the same week that S&P Global Ratings predicted sovereign debt issuanceBloomberg Terminal will balloon this year about $11.5 trillion, more than 50% above its pre-pandemic level, ministers and finance chiefs in Sao Paulo seem far keener to talk up the world economy’s outlook.

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