Relevant:
- Ten years since the global financial crisis, world still suffers 'debt overhang'
- The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.
- Global productivity slowdown risks creating instability, warns IMF
- World debt hits record $164 trillion as crisis hangover lingers
- Federal Debt and the Risk of a Financial Crisis
2016-10-05 — bloomberg.com
Slow global growth is making it difficult to pay off the obligations, "setting the stage for a vicious feedback loop in which lower growth hampers deleveraging and the debt overhang exacerbates the slowdown," said the Washington-based fund.
"Excessive private debt is a major headwind against the global recovery and a risk to financial stability," IMF fiscal chief Vitor Gaspar said in prepared remarks. "History has taught us that it is very easy to underestimate the risks associated with private debt during the upswing."
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