Foreign media reports, shoulders record debt of the world’s large economies, will face the financial crisis period left a “legacy”: this year’s maturity of $ 13 trillion (about 101 trillion Hong Kong dollars) debt bill.
The seven major industrial countries (G7) and major emerging markets are facing the largest maturity of bonds in at least a decade, many countries in order to get out of the worst recession since the Great Depression and debt. Data show that, compared with 2020, these governments may need to “issue new debt to pay for the old debt” of debt to 51% more.
The data show that the United States has the largest refinancing needs, with $7.7 trillion in debt maturing, followed by Japan’s $2.9 trillion. China’s maturing debt increased from $345 billion last year to $577 billion. Turning to Europe, Italy has the highest maturing debt at $433 billion, followed by France with $348 billion. Germany’s maturing debt was $325 billion, compared to $201 billion last year.
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