ACCORDING to the Institute of International Finance (IIF), global debt surged US$8.3 trillion (RM37.7 trillion) to hit US$305 trillion (RM1,385 trillion) at the end of the first quarter of 2023 (1Q23), and some US$45 trillion (RM204.4 trillion) higher than the pre-pandemic level.
With rising interest rates, all borrowers – governments, households and corporates – are saddled with a higher burden of servicing their respective debts.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
![](https://cdn.thestar.com.my/Themes/img/sub_paywall_TSM.webp)
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!