Lagarde warns on corporate debt ahead of G20 summit
Corporate debt levels have increased to a point where a sudden shift in financial conditions could trigger disruptive capital outflows from emerging markets, the head of the International Monetary Fund has warned finance ministers of the G20 group ahead of their summit beginning on Saturday. Christine Lagarde also said that the G20 should streamline the topics it concerned itself with.
Lagarde said that the ratio of corporate debt to GDP was at a historic high and was increasingly skewed towards lower-rated issuers, while in the eurozone there had been a “marked rise” in many countries’ debt “tied” to small and medium-sized enterprises.Speaking to the American Enterprise Institute ...
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