APAC Capital Markets Midyear Outlook 2024

GOVERNMENTS AND HOUSEHOLDS ARE HEAVILY INDEBTED

% of Debt to GDP

CENTRAL GOVERNMENT

HOUSEHOLDS

250

140

120

200

100

150

80

60

100

40

50

20

0

0

Australia Japan South Korea U.K.

U.S.

Australia Japan South Korea U.K.

U.S.

17

Source: IMF; Cushman & Wakefield