Developing economies with strong growth potential like India and China should not panic too much just yet amid rising debt levels after a new report showed the coronavirus pandemic pushed global borrowings to a new high last year after many governments turned to stimulus to stop the associated economic fallout.Global debt surged to US$281 trillion last year, leading the overall debt to gross domestic product (GDP) ratio to rise by 35 percentage points to 355 per cent, which was much higher than…


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