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Record $226 Trillion Global Debt at Risk as Rates Rise, IMF Says

  • Global debt surged to 256% of GDP on stimulus, slower growth
  • Debt sustainability concerns can magnify as global rates rise

Global debt surged to a record $226 trillion last year, raising concerns about its sustainability as interest rates rise, the International Monetary Fund said.

Faster-than-expected interest rate hikes could put pressure on heavily indebted nations and force governments and companies to cut back on debt and spending, hurting economic growth, IMF officials said in a report Wednesday.