Rising levels of domestic debt in emerging markets such as Turkey , China and Russia could undermine economies and restrict growth , according to turkey . Turkey 's domestic debt has risen to 70 % of gross domestic product in 2015 , compared to 60 % in 2000 , while foreign debt has remained relatively unchanged at 10 % . turkey 's levels almost quadrupled following the 2008 financial crisis . mark Eisinger , fund manager at euros Group said although the figures did not imply " armageddon " , it did imply a forthcoming era of " muted growth " .
Rising levels of domestic debt in emerging markets such as Turkey, China and Russia could undermine economies and restrict growth, according to insiders. Turkey's domestic debt has risen to 70% of gross domestic product in 2015, compared to 20% in 2000, while foreign debt has remained relatively unchanged at 10%. China's levels almost quadrupled following the 2008 financial crisis. Nick Eisinger, fund manager at Vanguard Group said although the figures did not imply "armageddon", it did imply a forthcoming era of "muted growth".