Global sovereign debt to rise almost 10% to new high in 2022: Report

Global government debt is set to rise 9.5% this year to a record $71.6 trillion, driven by the United States, Japan and China, asset management firm Janus Henderson said in a report on Wednesday.

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.

That took global government debt to a record $65.4 trillion in 2021, compared to $52.2 trillion in January 2020, Janus Henderson said. China's debt rose the fastest and by the most in cash terms, up a fifth or by $650 billion last