Global debt surges past $320 trillion as risk appetite returns: IIF
Large government budget deficits suggest that sovereign debt could rise by a third by 2028 to approach $130 trillion, the report from the Institute of International Finance (IIF), a financial services trade group, found — increasing repayment risks worldwide.
«Rising trade tensions and supply-chain disruptions threaten global economic growth, increasing the likelihood of mini boom-bust cycles in sovereign debt markets as inflationary pressures resurface and public finances tighten,» it said in its report, adding that the increased interest cost as a result could «exacerbate fiscal strains» and make debt management increasingly difficult.
The report comes as the world braces for Donald Trump's second turn in the White House — and his threats to institute trade tariffs on Europe, Mexico, Canada and China.
The anticipated volatility of his policies has led some to issue debt before he takes office in January, when markets could become less predictable.
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