IMF sounds warning over global debt
Debt in both public and private sector may leave many countries at risk in next downturn, IMF says
Public debt ratios are higher than before the financial crisis in almost 90% of advanced economies, according to new data from the IMF.
The new update of the IMF’s Global Debt Database shows that total global debt reached US$188 trillion at the end of 2018, up by US$3 trillion when compared to 2017.
While it was the smallest annual increase in the global debt ratio since 2004, the fund is worried many countries may be “ill-prepared” for the next downturn.
In a third of advanced economies
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