Limited Risks from Global Debt Boom, Says Credit Suisse
By Mark Cobley
January 22, 2019, Financial News
There is little risk of a global financial meltdown caused by too much borrowing, according to a comprehensive new study from Credit Suisse — despite a record debt pile of $250tn, three times the world’s gross domestic product.
The report, published by the bank’s in-house research institute on January 22, concluded that some parts of the debt markets look “worrisome” — particularly corporate bonds in the U.S. But overall, low interest rates and reasonable global growth prospects mean elevated levels of borrowing are not necessarily a problem.
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