Is Asia heading for a debt meltdown?

April 22, 2015 13:45

'Asian governments, companies and people borrowed the equivalent of 205% of their annual economic output as of 2014... In 2007, before the financial crisis, the debt-to-GDP ratio in Asia was 144%, and that number was 136% in 1996, just before the Asian financial crisis,' writes Ken Brown in the Wall Street Journal's India edition.

So is there a danger? Read his article here to know what the future holds.

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