News note:
Bloomberg runs this article which states that Fitch is warning that emerging markets are vulnerable to debt that has grown now to over $19 Trillion. Just ten years ago the number was $5 Trillion. Below is an excerpt.
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"Outstanding debt securities from developing nations have ballooned to $19 trillion from $5 trillion a decade earlier, the credit-rating company (Fitch Ratings) said in a report. Despite the development of local-currency bond markets, borrowers will be hobbled by higher external borrowing costs, a stronger dollar and slowdown of capital inflows, it said."
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