{"id":63980,"date":"2025-09-27T22:26:00","date_gmt":"2025-09-27T19:26:00","guid":{"rendered":"https:\/\/economic.karpat.in.ua\/?p=63980"},"modified":"2025-09-27T11:11:12","modified_gmt":"2025-09-27T08:11:12","slug":"rekordmagas-a-globalis-adossag-337-billio-dollar","status":"publish","type":"post","link":"https:\/\/economic.karpat.in.ua\/?p=63980&lang=hu","title":{"rendered":"Rekordmagas a glob\u00e1lis ad\u00f3ss\u00e1g, 337 billi\u00f3 doll\u00e1r"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Az Institute of International Finance (IIF) friss jelent\u00e9se szerint a vil\u00e1g \u00f6sszes\u00edtett ad\u00f3ss\u00e1g\u00e1llom\u00e1nya rekordot d\u00f6nt\u00f6tt, \u00e9s a m\u00e1sodik negyed\u00e9v v\u00e9g\u00e9re el\u00e9rte a 337,7 billi\u00f3 doll\u00e1rt. Az emelked\u00e9st a glob\u00e1lis p\u00e9nz\u00fcgyi felt\u00e9telek lazul\u00e1sa, a gyeng\u00fcl\u0151 amerikai doll\u00e1r \u00e9s a nagy jegybankok enyh\u00e9bb politik\u00e1ja hajtotta.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az \u00e9v els\u0151 fel\u00e9ben az ad\u00f3ss\u00e1g\u00e1llom\u00e1ny t\u00f6bb mint 21 billi\u00f3 doll\u00e1rral b\u0151v\u00fclt, ami nagys\u00e1grendileg megegyezik a 2020 m\u00e1sodik fel\u00e9ben, a j\u00e1rv\u00e1ny\u00fcgyi int\u00e9zked\u00e9sek nyom\u00e1n tapasztalt ad\u00f3ss\u00e1grobban\u00e1ssal.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"707\" height=\"375\" src=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/225819-1-large.jpg\" alt=\"\" class=\"wp-image-63957\" srcset=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/225819-1-large.jpg 707w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/225819-1-large-300x159.jpg 300w\" sizes=\"auto, (max-width: 707px) 100vw, 707px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">A legnagyobb n\u00f6veked\u00e9st K\u00edna, Franciaorsz\u00e1g, az Egyes\u00fclt \u00c1llamok, N\u00e9metorsz\u00e1g, Nagy-Britannia \u00e9s Jap\u00e1n mutatta. Az IIF ugyanakkor hangs\u00falyozta, hogy a doll\u00e1r 2025 eleje \u00f3ta k\u00f6zel 10%-ot gyeng\u00fclt a f\u0151bb kereskedelmi partnerek valut\u00e1ihoz k\u00e9pest, ami szint\u00e9n torz\u00edtja a doll\u00e1rban sz\u00e1molt ad\u00f3ss\u00e1gi adatokat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az ad\u00f3ss\u00e1g a gazdas\u00e1gi teljes\u00edtm\u00e9nyhez viszony\u00edtva vegyes k\u00e9pet mutat: Kanada, K\u00edna, Sza\u00fad-Ar\u00e1bia \u00e9s Lengyelorsz\u00e1g eset\u00e9ben ugrott meg legink\u00e1bb az ad\u00f3ss\u00e1g\/GDP ar\u00e1ny, m\u00edg \u00cdrorsz\u00e1gban, Jap\u00e1nban \u00e9s Norv\u00e9gi\u00e1ban cs\u00f6kkent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Glob\u00e1lisan az ad\u00f3ss\u00e1g a GDP-hez viszony\u00edtva enyh\u00e9n m\u00e9rs\u00e9kl\u0151d\u00f6tt, de m\u00e9g mindig 324% felett \u00e1ll. A felt\u00f6rekv\u0151 piacokon viszont \u00faj cs\u00facs sz\u00fcletett: az ar\u00e1ny 242,4%, mik\u00f6zben a teljes ad\u00f3ss\u00e1g\u00e1llom\u00e1ny itt is rekordszintet, 109 billi\u00f3 doll\u00e1rt \u00e9rt el.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az IIF szerint a felt\u00f6rekv\u0151 orsz\u00e1goknak az \u00e9v h\u00e1tral\u00e9v\u0151 r\u00e9sz\u00e9ben k\u00f6zel 3,2 billi\u00f3 doll\u00e1rnyi k\u00f6tv\u00e9nyt \u00e9s hitelt kell visszafizetni\u00fck \u2013 ez minden kor\u00e1bbin\u00e1l nagyobb teher.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A szervezet figyelmeztetett a \u201ek\u00f6tv\u00e9ny-vigil\u00e1nsok\u201d hat\u00e1s\u00e1ra is \u2013 vagyis azokra a befektet\u0151kre, akik eladj\u00e1k azokat az \u00e1llamk\u00f6tv\u00e9nyeket, amelyek kibocs\u00e1t\u00f3it p\u00e9nz\u00fcgyileg fenntarthatatlannak tartj\u00e1k. Ez k\u00fcl\u00f6n\u00f6sen olyan orsz\u00e1gokban jelenthet kock\u00e1zatot, mint Jap\u00e1n, N\u00e9metorsz\u00e1g vagy Franciaorsz\u00e1g.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az Egyes\u00fclt \u00c1llamok eset\u00e9ben az IIF kiemelte: a r\u00f6vid lej\u00e1rat\u00fa k\u00f6tv\u00e9nyek ar\u00e1nya m\u00e1r el\u00e9ri a teljes \u00e1llamad\u00f3ss\u00e1g 20%-\u00e1t, mik\u00f6zben az \u00faj kibocs\u00e1t\u00e1sok 80%-a szint\u00e9n r\u00f6vid futamidej\u0171.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ez a szerkezet jelent\u0151s politikai nyom\u00e1st gyakorolhat a jegybankokra, hogy alacsonyan tarts\u00e1k a kamatl\u00e1bakat, ami vesz\u00e9lyeztetheti a monet\u00e1ris politika f\u00fcggetlens\u00e9g\u00e9t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&lt;!&#8211; translatorid:vik3255 &#8211;&gt;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Az Institute of International Finance (IIF) friss jelent\u00e9se szerint a vil\u00e1g \u00f6sszes\u00edtett ad\u00f3ss\u00e1g\u00e1llom\u00e1nya rekordot d\u00f6nt\u00f6tt, \u00e9s a m\u00e1sodik negyed\u00e9v v\u00e9g\u00e9re el\u00e9rte a 337,7 billi\u00f3 doll\u00e1rt. Az emelked\u00e9st a glob\u00e1lis p\u00e9nz\u00fcgyi felt\u00e9telek lazul\u00e1sa, a gyeng\u00fcl\u0151 amerikai doll\u00e1r \u00e9s a nagy jegybankok enyh\u00e9bb politik\u00e1ja hajtotta.<\/p>\n","protected":false},"author":12,"featured_media":63957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,11,39],"tags":[12976,130793,699,1066320,4769],"class_list":["post-63980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cikkek","category-kiemelt-tema","category-vilag","tag-adossag","tag-globalis-adossag","tag-hitel","tag-institute-of-international-finance-iif","tag-rekord"],"_links":{"self":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/63980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63980"}],"version-history":[{"count":1,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/63980\/revisions"}],"predecessor-version":[{"id":63981,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/63980\/revisions\/63981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/media\/63957"}],"wp:attachment":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}