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Pandemic may send global debt to US$277t by year's end, says IIF

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Among developed nations, Canada, the US and Japan experienced the biggest increases in non-financial sector debt this year.

London

THE ongoing Covid-19 pandemic has caused global debt to soar by US$15 trillion to reach US$272 trillion as at the end of September this year. Governments, mostly from developed markets, accounted for nearly half the increase.

The total could reach US$277 trillion by the end...

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