Corporate America’s debt load is nearing $10 trillion, a record 47% of the overall economy — and experts around the world are sounding the alarm
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In a recession half as severe as the 2008 financial crisis corporate debt-at-risk - which is owned by firms that can’t cover interest expenses with their profits - could increased to $19 trillion, or almost 40% of total corporate debt in major economies, thCorporate America’s debt load is nearing $10 trillion, a record 47% of the overall economy — and experts around the world are sounding the alarm
In a recession half as severe as the 2008 financial crisis corporate debt-at-risk - which is owned by firms that can’t cover interest expenses with their profits - could increased to $19 trillion, or almost 40% of total corporate debt in major economies, the IMF said. Read more