SURGING DEBT DURING THE PANDEMIC IS CREATING DANGERS FOR INVESTORS AND DEVELOPED COUNTRIES

The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, according to the Institute for International Finance. Sonja Gibbs, IIF's managing director of global policy initiatives, told CNBC on Friday that one of the big areas of concern is in developed markets, which are battling slow growth and rising debt at the same time. Gibbs also flagged incr...