New global debt crisis could be brewing: IIF: "The global financial crisis was triggered in part by high debt, and hence deleveraging was needed to restore financial health, said the IIF. But while banks and other financial institutions have been deleveraging, corporates as well as governments have been piling up more debt rapidly.
The huge surge in public and corporate debt is occurring at a time of very low inflation, making the real burden of the debt much greater than it would be in an inflationary environment and some corporates could find it difficult in servicing their debt in future, the IIF warned."
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