| Eight years after colossal amounts of bad loans caused a financial meltdown that almost sunk the global economy, total debt has hit a new record level of $152tn, the International Monetary Fund said on Wednesday. The amount is equivalent to two and a quarter times the size of the world economy, and is rising.
“The sheer size of debt could set the stage for an unprecedented private deleveraging process that could thwart the fragile economic recovery,” the IMF said........................................Full Article: Source
|