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Further global debt crisis could be building, IMF warns

Thursday, October 6, 2016 - 05:50

A garment manufacturing unit in Mumbai, India. Private and public debt levels have risen in low-income countries on the back of easier access to financial services.


GLOBAL debt is now at an all-time high and could "thwart the fragile global economic recovery", the International Monetary Fund (IMF) warned on Wednesday.

It said in the latest issue of its Fiscal Monitor report that reducing debt significantly will entail adopting

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