The IMF Is Worried About the World's $152 Trillion Debt Pile
- Debt level has surged to 225% of global GDP, IMF warns
- World risks vicious cycle of low growth and deleveraging: IMF
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Eight years after the financial crisis, the world is suffering from a debt hangover of unprecedented proportions.
Gross debt in the non-financial sector has more than doubled in nominal terms since the turn of the century, reaching $152 trillion last year, and it’s still rising, the International Monetary Fund said. The figure includes debt held by governments, non-financial firms and households.