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Economy

Inflation spending to swell debt in emerging Asia

Borrowing harder for emerging economies due to dollar's rise, IFF warns

Emerging economies' public- and private-sector debts are rising quickly, reaching 252.4% of gross domestic product in April to June, and are likely to keep growing this year.   © AFP/Jiji

TOKYO -- Fiscal spending to offset the impact of global inflation is going to inflate levels of debt in emerging Asia.

Public- and private-sector debt in the region rose for the first time in four quarters in the April to June period, and is expected to keep growing throughout 2022, according to data from the Institute of International Finance released Wednesday.

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