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Developed countries will make next year collective "money shortage"
"Sovereign debt" could still is one of the hottest keywords next year. Representatives of the developed countries in the oecd on Monday, a report of its member countries could face higher than expected next year the financing needs of, total is expected to more than $10 trillion. Considering the European debt crisis has severely dampened investors investment the enthusiasm of sovereign debt, the oecd warned that developed countries could face a next year the financing challenges. According to the oecd released the sovereign credit outlook,, the group member of the loan demand this year is expected to total $10.4 trillion, next year will reach to 10.5 trillion usd, which can lead to countries debt levels remain high. This means that, the oecd members than the financing needs of increased to $1 trillion in 2007, and almost 2005 years for the two times. The report points out, the global liquidity crunch and the credit crisis hit push the high public debt countries, public debt a percentage of GDP is expected to further increase. The oecd member states overall public debt this year are expected to reach us $34 trillion, accounting for about 72.8% of overall GDP; By the end of 2012, is expected to reach us $36 trillion, ratio increased to 74.9%. By 2012, the g7 public debt a percentage of GDP will reach 87.9%, the euro zone will be more than 63%. The oecd said that although the developed countries in 2009 and 2010, higher debt levels, but given that in the current unrest and uncertainty environment, countries debt rising cost, so the developed countries are now facing greater risk. Along with the European debt crisis continued to worsen, investors for sovereign debt level of acceptance has reduced significantly, and most of the time, the open market financing door already basically for many developed countries close, such as Italy, Spain, and so on. In this case, the developed countries of the financing prospects becoming very serious. Make the situation becomes more complex is developed countries face huge debt financing pressure again. According to the report, the oecd countries FaHangSuo short-term debt ratio is still 44%, far higher than 2007 years before the global financial crisis levels.
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