IMF sounds warning over global debt

debt-direction

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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