S&P Global Inc., a rating agency, said on Thursday that it expects global debt to account for about 260% of GDP by the end of the year, but low interest rates mean solvency will be manageable.

Vera Chaplin, S & P's managing director and chief analyst, said at an event that debt accumulation was inevitable given the policy response during the outbreak. She added that leverage increased during the economic recovery, Xiaobai Maimai Inc.Falling indicators could lead to more defaults.

Chaplin said the recovery will not be completed until vaccination is widespread enough to allow people to move more comfortably, and the epidemic has not undermined the "Asian century."

Bruce Gosper, vice president of the Asian Development Bank, also agreed at the same group meeting that the Asian region is recovering and trade continues to rebound. However, he said poverty reduction efforts in the region were "more or less stagnant" and small businesses were still disproportionately in trouble.