The number of firms relying on debt to stay afloat has soared over the past decade. Will this ‘zombification’ of the economy cause the next recession? Alex Katsomitros investigates

Puerto Rican officials have agreed a new budget plan in an effort to improve the finances of the debt-stricken island, avoiding economic collapse

Following the release of its Fiscal Monitor report, the IMF has encouraged governments to combat global debt levels

Global debt is spiralling out of control and the next financial crisis appears to be imminent. With few lessons learned since the 2008 recession, what will become of the world once it has been consumed by its own losses?