About $4.8 trillion were added to the global debt pile in the second quarter of this year, pushing the total to a record high of $296 trillion, according to data from the Institute of International Finance (IIF).
Governments that poured trillions in monetary and fiscal stimulus support to stay afloat during the Covid-19 pandemic are now more indebted than at any other point in modern history, even surpassing World War II.
Ben Swann and a panel of Boom Bust’s analysts give their perspective on the issue.
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