Lagarde sends warning on US corporate and fiscal debt
Non-financial corporate liabilities reached nearly $20 trillion in Q1 2019, Fed data shows
Historically high US corporate debt levels are putting the economy at risk, Christine Lagarde, managing director of the International Monetary Fund, has warned.
“A sudden tightening of financial conditions could interact adversely with the high levels of corporate and public debt, and create a feedback loop that would also weigh on real activity and job creation,” Lagarde said in opening remarks on the fund’s Article IV consultation with the US.
She also rebooted her calls for action on the
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