World economy

Maybe inflation isn't dead

Reproduced from Institute of International Finance; Chart: Axios Visuals

The main reason the debt has been such a non-issue is that inflation in the U.S. and most industrialized countries has stayed persistently low.

Why it matters: However, more fund managers and economists are increasingly saying they're worried that may not hold.

Capital markets are eyeing the world's soaring debt

Illustration of the globe locked down by a ball and chain
Illustration: Aïda Amer/Axios

The world's debt is rising to unprecedented levels. While politicians and the general public have seemingly lost interest, capital markets are beginning to show signs of strain, financial experts say.

Driving the news: Global debt surged by $7.5 trillion in the first half of the year, hitting a new record of more than $250 trillion, according to data released Thursday from the Institute of International Finance.