IMF – Debt level has surged to 22% of global GDP

Debt levels continue to rise across the globe at a time when the global policymakers are being forced to use fiscal stimulus to support economic growth.

The International Monetary Fund (IMF) has fired a warning shot by stating the world sisks viscious cycle of low growth and deleveraging.

Debt level has surged to 22% of global GDP, said IMF and added the gross debt in the non-financial sector has more than doubled in norminal terms since turn of the century.