World Debt Hits Record High At $164 Trillion, IMF Warns Of Another Financial Crisis

The world’s debt load has reached a record high of $ 164 trillion, a trend that could make it harder for countries to respond to the next recession and pay off debts of financing condition deteriorates, IMF said.

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The International Monetary Fund said that Global public and private debt swelled to 225 percent to global gross domestic product in 2016, IMF said in its semi-annual Fiscal Monitor report.

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