06 October 2016

IMF warns of $152 trillion global debt time bomb

France 24 News
Published on Oct 6, 2016
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The International Monetary Fund says the world's total debt has reached a record $152 trillion, more than twice the size of the global economy. It says the borrowing boom was fuelled by low interest rates, which have also hurt profits at Europe's banks. Also today, a scandal in the art world as a €9.5 million painting turns out to be fake.

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