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.