Market news

Show news:


19.02.2019 16:18

Oxford Economics: Global debt has risen to high levels

Global debt is at elevated levels, but isn't high enough to draw comparisons with the 2008 financial crisis just yet.

Risky corporate debt, particularly in the form of leveraged loans, has been on the rise for a number of years, with analysts suggesting the recent build up could be a significant risk to global GDP growth.

Since 2015, world private sector debt has risen by around 15% of world GDP — a level higher than it was prior to the global financial crisis, according to Oxford Economics .

Growing global debt is a major concern for the world economy because recent evidence has indicated that credit booms often end in busts of seismic proportions. A recent study found that of 175 such credit booms a staggering 70% have ended in busts, a worrying sign for the current debt buildup.

In a sample of large economies, up to 60% of GDP is in economies with "risky" corporate debt and up to 30% of GDP is in economies with risky household debt. The boom in emerging market debt is coupled with a rise in increasingly risky debt in Europe and the US.

Oxford Economics' research also suggests that the countries at the highest risk are Hong Kong, China, France, Canada, and Chile.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

July 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00