現れるing market 負債 急に上がるs to 記録，記録的な／記録する $69.1 trln in Q1 on 落ちるing 利益／興味 率s -IIF
By Karin Strohecker
LONDON, July 15 (Reuters) - 落ちるing 利益／興味 率s have fuelled a fresh borrowing 大当り in the first ４半期/4分の1 of 2019 with 現れるing market 負債 急に上がるing to 記録，記録的な／記録する highs and the 全世界の 負債 在庫／株 bulging by $3 一兆, an 学校／設ける of International 財政／金融 (IIF) 報告（する）／憶測 showed.
負債 借りがあるd by 政府s, companies, 財政上の 会・原則s and 世帯s across developing economies 急に上がるd to $69.1 一兆 or 216% of 甚だしい／１２ダース 国内の 製品 from $68.9 一兆 a year earlier. 負債-to-GDP 割合s had risen at the fastest pace in Chile, Korea, Brazil, South Africa, Pakistan and 中国 over the past year, the IIF 設立する.
"The 執拗な economy-wide 増加する in EM borrowing continues to 料金d into higher 次第で変わる／派遣部隊 義務／負債s for many 君主s," IIF 副 director Emre Tiftik wrote in a 公式文書，認める.
"Growing 依存 on short-称する，呼ぶ／期間／用語 負債 leaves many 現れるing markets exposed to sudden 転換s in 全世界の 危険 appetite," Tiftik said, 追加するing some $3 一兆 of 現れるing market 社債s and 企業連合（する）d 貸付金s are coming 予定 through end-2020 - a third of which were U.S. dollar denominated.
Major central banks such as the U.S. 連邦の Reserve and the European Central Bank have turned ますます dovish in 最近の weeks and are 推定する／予想するd to 供給する fresh 刺激 in a 企て，努力，提案 to shore up 経済的な 勢い which is 影を投げかけるd by a cloud of 長引いた 貿易（する） wars.
The prospect of 現在進行中の cheap borrowing costs also saw the 全体にわたる 全世界の 負債 在庫／株 jump by $3 一兆 to $246.5 一兆 - or 320% of GDP - just $2 一兆 shy of the 史上最高 reached in the first ４半期/4分の1 of last year.
"The 2018 減産／沈滞 in 負債 accumulation is looking more blip than 傾向: helped by the 相当な 緩和 in 財政上の 条件s, borrowers took on 負債 in Q1 2019 at the fastest pace in over a year," IIF's Tiftik wrote.
"Looking ahead, 幅の広い-based central bank 緩和 could 井戸／弁護士席 誘発する more 負債 増強 across the board, 土台を崩すing dele veraging 成果／努力s and reigniting 関心 about long-称する，呼ぶ／期間／用語 長，率いる-勝利，勝つd to 全世界の growth."
Across developed markets, the first ４半期/4分の1 増加する was 主として driven by a 増強 in 政府 負債, which 追加するd $1 一兆. Finland, Canada and Japan have seen the biggest 増加する in 負債-to-GDP 割合s over the past year while some Euro area economies, 顕著に the Netherlands, Ireland and Portugal, have continued with deleveraging.
Total U.S. 負債 has jumped $2.9 一兆 since the first ４半期/4分の1 of 2018, bringing the country's 負債 mountain to 史上最高 of over $69 一兆 in the first ４半期/4分の1.
While 連邦の 政府 負債 was the 運動ing 勢い behind that 増加する, lights were flashing "amber" for U.S. 会社／堅いs.
"With U.S. 法人組織の／企業の 負債 growing above 傾向, an 増加する in bank lending has helped 押し進める the 負債 of 非，不，無-財政上の 法人組織の／企業の 会社／堅いs to a new high of 近づく 75% of GDP, 追加するing to worries about vulnerabilities in the 法人組織の／企業の 部門," IIF's Tiftik wrote.
(報告（する）／憶測ing by Karin Strohecker Editing by Andrew Heavens)
