Global debt stands at a record £115trillion – posing a huge threat to financial stability, the IMF warned last night. The IMF told Western governments they should build a financial buffer to help them weather the next crisis. Global debt stands at a record £115trillion – posing a huge threat to financial stability, the IMF warned last night. Overall private and public debt are already equal to 225 per cent of global economic wealth, the IMF warned, with nations 12 per cent deeper in the red than 2009 – the time of the banking bailouts. However, UK debt as a percentage of output is projected to drop to 86.3 per cent this year.

Source: Daily Mail April 19, 2018 00:40 UTC