A bank employee counts out 100-yuan notes in Shanghai. China and the US pushed global debt to a record US$251 trillion in the first half of 2019. Photo: AFP A bank employee counts out 100-yuan notes in Shanghai. China and the US pushed global debt to a record US$251 trillion in the first half of 2019. Photo: AFP
A bank employee counts out 100-yuan notes in Shanghai. China and the US pushed global debt to a record US$251 trillion in the first half of 2019. Photo: AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

2020 may be the year when the ‘largest, broadest and fastest’ wave of debt crashes over the global economy. You have been warned

  • The World Bank has provided a chilling analysis of the latest tidal wave of borrowing, which had reached US$55 trillion by 2018. Even though interest rates are low now, they provide no sure-fire protection against debt crises

Anthony Rowley
Anthony Rowley

Updated: 1:00am, 30 Dec, 2019

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A bank employee counts out 100-yuan notes in Shanghai. China and the US pushed global debt to a record US$251 trillion in the first half of 2019. Photo: AFP A bank employee counts out 100-yuan notes in Shanghai. China and the US pushed global debt to a record US$251 trillion in the first half of 2019. Photo: AFP
A bank employee counts out 100-yuan notes in Shanghai. China and the US pushed global debt to a record US$251 trillion in the first half of 2019. Photo: AFP
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London