In this issue, you will find François Faure's editorial and the update of our “EcoNews”, “markets review” and “economic scenario” sections.
Since 2019, private sector debt in emerging countries as a whole has risen as a percentage of GDP, while at the same time private sector debt in advanced countries has fallen. However, a country-by-country analysis shows that China alone is responsible for this increase and that, even excluding China, debt ratios show positive aggregation effects. In fact, on the basis of median ratios and credit gaps, excluding China, the private sector has develeraged in a large number of countries, until the third quarter of 2024. Current and future economic and financial conditions point more to a continuation of the decline than to a rebound.
The Main recent economic news.
Equity indices, Currencies & commodities, and Bond markets.
GDP growth, inflation, exchange and interest rates.
