‘Attack of the debt tsunami’: Coronavirus pushes global debt to record high

‘Attack of the debt tsunami’: Coronavirus pushes global debt to record high

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.

By Miki