Central banks increasingly worried about ‘unsustainable’ government debt levels

In response to a UBS survey of reserve managers from 40 central banks, round 37% of respondents argued dangers coming from “unsustainable authorities debt ranges” have grown in significance within the final 12 months, up from 14% a 12 months earlier than.
Round 46% of these interviewed mentioned they’re frightened debt sustainability points might result in a decline in demand for presidency bonds.
Nevertheless, the variety of respondents involved concerning the threat of a world financial recession has dropped considerably, from 56% in 2023 to solely 13% in 2024.
Geopolitical conflicts remained the principle concern for a lot of responde…