Rising market debt has hit a document excessive of over $100tn, a 3rd greater than pre-pandemic ranges, as considerations mount about monetary leverage in a world of upper rates of interest.

World debt rose by $8.3tn within the first three months of the yr to $306.3tn, the best degree because the first quarter of final yr and second-highest quarterly studying ever, in accordance with the Institute of Worldwide Finance, in its quarterly world debt monitor.

World debt is now $45tn greater than its pre-pandemic degree and is “anticipated to proceed growing quickly,” mentioned the IIF, owing to ageing populations, rising healthcare prices, greater nationwide spending on defence and substantial local weather finance gaps.