Live news: Emerging market debt hits record high of $100tn

Rising market debt has hit a document excessive of over $100tn, a 3rd larger than pre-pandemic ranges, as considerations mount about monetary leverage in a world of upper rates of interest.

World debt rose by $8.3tn within the first three months of the 12 months to $306.3tn, the best stage because the first quarter of final 12 months and second-highest quarterly studying ever, based on the Institute of Worldwide Finance, in its quarterly world debt monitor.

World debt is now $45tn larger than its pre-pandemic stage and is “anticipated to proceed growing quickly,” mentioned the IIF, owing to ageing populations, rising healthcare prices, larger nationwide spending on defence and substantial local weather finance gaps.

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