World Bank chief economist says rising Asia debt levels could hold back growth

<p>World Bank Chief Economist Indermit Gill spoke with Reuters in an interview on Monday</p><ul><li>Rising debt levels
among "seemingly healthy" countries in Asia could drag growth in
the region below currently forecast levels</li><li>said surprisingly high debt levels in Asia were a concern, noting that increased government borrowing from
domestic markets would limit the level of credit available to
private firms, resulting in faltering investment.</li><li>
"We have a simultaneous problems: too much debt and too
little investment," </li><li>"There's a lot of government
consumption and private consumption being financed through debt.
There is not a lot of investment being financed through credit,
and that's not great."</li><li>
The result could be "much lower growth" than we were
forecasting</li></ul><p><a href="https://finance.yahoo.com/news/rising-asia-debt-levels-could-004458306.html#:~:text=Rising%20Asia%20debt%20levels%20could%20temper%20growth%20-World%20Bank%20chief%20economist,-Andrea%20Shalal&amp;text=MARRAKECH%2C%20Morocco%2C%20Oct%209%20(,in%20an%20interview%20on%20Monday." target="_blank" rel="nofollow">Link here for more. </a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.