the value of debt instruments issued by companies and governments this year reached $ 9.7 trillion, with the support of central banks worldwide.
According to Arabiya Net, the Wall Street Journal reported that, as of last Thursday, corporate bonds and some types of loans totaled $ 5.1 trillion, according to Refinitiv, which is what Exceeds the volume of corporate debt issues in any previous year.
On a larger scale, the Institute of International Finance recently said that global debt rose by $ 15 trillion to $ 272 trillion in the first nine months of this year. It will reach $ 277 trillion by the end of the year, a record number equivalent to 365% of global GDP.
These huge sums reflect how the Federal Reserve and its central bank peers, by slashing interest rates and buying trillions of dollars of fixed-income securities, helped borrowers out From difficult times caused by the global epidemic.
and US companies with investment credit ratings issued more than $ 1.4 trillion in debt this year, up 54% from the same period in 2019, according to Refentiv data. / p>
Among the most risky borrowers, junk bond issuance in the US increased by 70% to $ 337 billion.
The Institute of International Finance said it was not clear how global debt levels could be brought back down without significantly harming economic activity.
According to Ayhan Koss of the World Bank Group, government debt for emerging countries rose by nearly 10 percentage points to 61% of GDP this year, the largest increase Over the course of one year since the late 1980s, and that the epidemic has made a series of financial crises more likely.
