October 2016 | Volume 267
PONDER POINTS
Audio source missing
A debt storm is building over the world economy, the IMF warned, as a vicious cycle of slow growth and more debt could take hold
Global debt has hit a record high of $152 trillion, weighing down economic growth and adding to risks that recovery could turn into stagnation or even recession, the International Monetary Fund has warned.
In a worst-case scenario the IMF also fears that a wave of populist politics across the US and Europe could send globalisation into reverse with protectionist policies hitting international trade, investment and migration, sending the world plunging into a prolonged period of stagnation.
The warning came after the IMF cut its growth forecasts for a series of countries around the world, leaving Britain the fastest growing economy in the G7.
- Add some content to your block grid item here. The block grid responds a little differently than traditional columns, allowing you to mix and match for cool effects.
