The global economy’s continued addiction to debt could pose financial stability and growth risks going forward. China alone has added about three-fourths of the total increase in global private debt. There are at least four broad reasons why policymakers across the world should be worried about rising global debt and its consequences. The IMF has projected medium-term global growth at 3.7%, compared to 3.9% in the current year. Is the rising level of debt a risk for the global financial system?

Source: Mint April 22, 2018 23:15 UTC