Global debt hits all time high of $184 trillion, says IMF

The latest amount, in nominal terms, is equivalent to 225 per cent of the world GDP in 2017.

The global debt has reached an all-time high of $184 trillion, said a report by International Monetary Fund (IMF), adding three countries — the United States, China and Japan — accounting for more than half of the amount. 
 
Earlier this year, the global monetary institute had estimated the global debt to be around $182 trillion.
 
The latest amount, in nominal terms, is equivalent to 225 per cent of the world GDP in 2017.
 
In another development, David Lipton, the first deputy managing director of the IMF, said that the next global slowdown is looming large, as “crisis prevention is incomplete” more than a decade on from the last meltdown in the global banking system.
 
Source: Media reports

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