Tag: Vitor Gaspar IMF

• Monday, October 10th 2016 - 23:13 UTC

  Global debt reached 225% of world GDP; concern with private debt buildup in China and Brazil

  

  The world is swimming in a record US$152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached 225% of global economic output last year, up from about 200% in 2002, the IMF said in its new Fiscal Monitor report.