• 18-APR-2018

IMF: Growth to Cut Record Debt, but More Work Ahead

The world economy is on the rise and that will help bring down debt from current record levels, but policy makers must not become complacent the IMF announced in the Fiscal Monitor Report released Wednesday.

Global debt is at historic highs, reaching the record peak of US$164 trillion in 2016, equivalent to 225 percent of global GDP the IMF said in the report, titled “Capitalizing on Good Times.”

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