The trillion-dollar corporate debt mountain threatening the world’s economy

The Telegraph | Jan 14, 2020 at 7:00 AM
  • In this series, as Davos looms, the Telegraph examines the big topics keeping investors awake at night in 2020.
  • Holding high-risk corporate bonds lost appeal for investors, and so demand for variable-rate leveraged loans surged.
  • To that end, encouragingly interest rates remain low, and most forecasters – although not all – do not predict the recession this year that could tip many firms into the abyss as the world economy bottoms out rather than surging ahead.