The unprecedented increase will see total global corporate debt jump by 12% to around $9.3tr.
Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated.
“It is all a recipe for a more challenged outlook than we thought two months ago,”
The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to years of accumulation that has left the world’s most indebted firms owing as much as many medium-sized countries.