BREAKING: IMF - Global debt rises to all-time high $152tn ("..The International Monetary Fund (IMF) has raised concerns over ballooning global debt that has reached 225 percent of the world’s gross domestic product (GDP), which could lead to financial crises..")

The International Monetary Fund (IMF) has raised concerns over ballooning global debt that has reached 225 percent of the world’s gross domestic product (GDP), which could lead to financial crises.

“At 225 percent of world GDP, the global debt …is currently at an all-time high. Two-thirds, amounting to about $100 trillion, consists of liabilities of the private sector which can carry great risks when they reach excessive levels,” the IMF said.

In 2002, global debt stood at 200 percent of the global GDP.

“The sheer size of debt could set the stage for an unprecedented private deleveraging process that could thwart the fragile economic recovery,” said the Washington-based fund.

Read more: https://www.rt.com/business/361769-global-debt-imf-record-high/