Adequately designed fiscal measures can help lower the risks of record-high global debt toward global recovery and financial stability, said the International Monetary Fund (IMF) on Wednesday in a newly-released report.
“At 225 percent of world GDP, the global debt of the nonfinancial sector — comprising the general government, households, and nonfinancial firms — currently at an all-time high,” said the Washington-based IMF in its Fiscal Monitor report.
The report said the global debt of the nonfinancial sector has reached 152 trillion U.S. dollars by 2015. About two-thirds, or 100 trillion dollars, are from the private sector and the rest from the public debt.
The private debt is high not only in advanced economies bu…
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