SouthViews No. 133, 19 October 2016
New debt crises threaten global stability
By Martin Khor
Global debt has jumped alarmingly to US$152 trillion and as capital flows out from developing countries, some facing new debt crises. Debt worldwide has grown to unprecedentedly high levels and has to be brought down to prevent another financial crisis. This was highlighted by the International Monetary Fund at its annual meeting in Washington earlier this month.
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This article was tagged: Capital Flows, Financial Crisis, Global Debt, Global Economy, Global Stability, Global Trade