Asian Spectator


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Why the G20 should defer debt from emerging economies like Indonesia and India – or risk an even worse global recession

  • Written by Muhammad Akbar F. Annahl, Researcher, Center of Economic and Law Studies (CELIOS)
Why the G20 should defer debt from emerging economies like Indonesia and India – or risk an even worse global recessionEmerging economies are facing mounting debts, and the world needs to figure out how to save them from default.Strarline/Freepik

When the pandemic hit the world in 2020, global debts reached US$226 trillion in 2020, the highest since the second world war. Meanwhile, government, household and private-sector debt in 31 emerging economies reached $98.8...

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