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🌍 The global debt crisis is intensifying:
📈 In 2026, sovereign and corporate bond issuance is expected to reach $28.8 trillion, a record high
📊 The fourth consecutive year of growth, doubling the pre-pandemic average level
🏛️ Government debt: $21.9 trillion / 🏢 Corporate debt: $6.9 trillion (both record highs)
📉 Issuance as a percentage of GDP has risen to 23.3%, the second-highest in history, only behind 27.5% during the pandemic in 2020 (the peak of the 2008 financial crisis was 21.4%)
The world is borrowing at a scale higher than during times of crisis, and the risks are not to be ignored.
#全球债务 # Macroeconomics #FinancialRisk