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

International debt rose by $8.3tn within the first three months of the yr to $306.3tn, the best stage for the reason that first quarter of final yr and second-highest quarterly studying ever, in line with the Institute of Worldwide Finance, in its quarterly world debt monitor.

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