Global sovereign debt to peak at $50,000,000,000,000 this year

Global sovereign debt to peak at $50,000,000,000,000 this year

Ratings agency S&P Global said governments are continuing to run up huge debt levels and will borrow an equivalent of $7.78 trillion this year, which would be up 3.2 percent on 2018.

That will come as another jump in borrowing to take the global mountain of sovereign debt to $50 trillion in 2019.

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