SUBSCRIBERS
Further global debt crisis could be building, IMF warns
Published Wed, Oct 5, 2016 · 09:50 PM
Washington
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 fiscal policies that support economic activity, the restructuring of private debt and the cleanup of non-performing bank loans.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hamas accepts Gaza truce proposal, Israel urges Rafah evacuation
US to snub Putin inauguration
New York judge threatens Trump with jail for gag order violations
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares
Dubai’s financial centre expects ‘busiest year’ as firms rush in
Israel strikes Gaza city of Rafah after evacuation order