New IMF chief maintains focus on unsustainable debt levels
Debt levels at all-time high and well over twice global GDP, Kristalina Georgieva warns
Global debt levels are on an unsustainable path and are putting the global economy at risk, the new International Monetary Fund chief Kristalina Georgieva said, continuing a key focus of her predecessor in the role.
It is more important than ever to avoid the “darker side of debt”, as future monetary tightening could put global economic and financial stability at risk, she warned in a November 7 speech.
Total global debt has reached and an all-time high of $188 trillion, considerably more
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