The world’s debt rose by 3 trillion in the first quarter of 2019 due to an almost unprecedented borrowing binge that brought total global debt to $246.5 trillion.
According to a study released today from the Institute of International Finance high levels of debt put countries in vulnerable positions in the event of a down urn and could endanger the world’s economic recovery.
The IIF’s data revealed that lower global interest rates and increased government spending are fueling the trend.