Three international bodies warn of risks of rising debt and soaring borrowing in major economies

IIF highlights challenges facing US, France, UK and Japan, while OECD and IMF also voice global concernsBusiness live – latest updatesThree heavyweight international bodies have issued stark warnings about the risks of rising debt levels and soaring borrowing costs across large economies.The Paris-based Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF) and the International Institute of Finance (IIF), the voice of global banking, on Wednesday highlighted the dangers of soaring interest rates on $365bn (£275bn) of global borrowing. Continue reading...