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‘Attack of the debt tsunami’: Coronavirus pushes global debt to record high – CNBC
The coronavirus crisis pushed global debt levels to a new high in the third quarter, the Institute for International Finance said on Wednesday.
LONDON The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, the Institute for International Finance said, as it warned of the “attack of the debt tsunami.”
The institute said global debt would break new records in the coming months to reach $277 trillion by the end of the year. This would represent a debt-to-GDP ratio of 365%.
It comes after governments across the world stepped up support for companies and citizens in the face of a global pandemic…
