Global sovereign debt to rise to new high

LONDON: Global government debt is set to rise 9.5% this year to a record US$71.6 trillion (RM302 trillion), driven by the United States, Japan and China, asset management firm Janus Henderson said in a report yesterday.

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.