Global debt at record and unsustainable $188-trillion, says IMF
High debt burdens have left many governments, companies and households vulnerable, according to IMF MD Kristalina Georgieva
07 November 2019 - 17:29
Washington — The global debt load has surged to a new record, equivalent to more than double the world’s economic output, International Monetary Fund (IMF) chief Kristalina Georgieva warned on Thursday.
While private-sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said...
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