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Rankings & dataMay 16 2023

Have we reached a global private debt impasse?

The global private debt mountain has expanded over the past decade, with the world’s leverage now higher than pre-2008 levels. Barbara Pianese reports.
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Debt and financing have a relevant role when it comes to growth and investment. But they can also pose a risk to financial stability if they become too high. 

Global corporate debt has risen substantially over the past decade, both in advanced and emerging market economies, supported by low interest rates and easy access to global capital markets. The world’s leverage is currently at a higher level than pre-global financial (GFC) crisis peaks.

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