Now it is the International Monetary Fund sending out a warning about global debt. Global debt is estimated at $152tn, or about 225% of annual global output. UN warns over global fallout from debt crisis in poor countries Read moreThe IMF hopes the debt data published in its half-yearly fiscal report will chivvy governments into action before it is too late. Central banks have responded to weak growth and the threat of deflation by keeping interest rates low, but this approach has proved to be a double-edged sword. The IMF says there is a debt timebomb out there.

Source: The Guardian October 05, 2016 13:45 UTC