Economic Progress

Credit is surging: this is what history tells us about the risk

Credit to the private nonfinancial sector in emerging markets and developing economies (EMDEs) is on the rise Image: REUTERS/Luke MacGregor

Franziska Ohnsorge

Lead Economist, World Bank Development Prospects Group

Shu Yu

Economist, Development Economic Prospects Group of the World Bank

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Image: Bank for International Settlements, International Monetary Fund's International Financial Statistics, World Bank. Notes: Unweighted averages. Data availability as in D.
Image: Bank for International Settlements, Haver Analytics, International Monetary Fund, World Bank.

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