IMF voices concern over record global debt

The dangers of debt are worrying the International Monetary Fund as global debt last year, both public and private, reached two hundred and twenty five percent of the world's economic output . That is up from about two hundred percent in 2002. It is particularly concerned about China and Brazil, noting that rapid increases in private debt often lead to financial crises. The IMF is warning excessive private debt could disrupt economic recovery and is a risk to financial stability. At the same… READ MORE : http://www.africanews.com/2016/10/07/imf-voices-concern-over-record-global-debt Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews