Soaring govt, private debt raises red flag for financial authorities
They fear a rise in interest rates could cause global financial and economic downturn
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London
THE world's financial authorities are concerned about a massive surge in global government and private debt as they fear that a rise in interest rates could cause a financial and economic downturn.
The amounts are staggering. Both the Bank for International Settlements (BIS) and International Monetary Fund (IMF) have issued special reports highlighting the dangers.
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