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World Bank warns of global debt crisis amid borrowing build-up

Photo by: The Guardian

Current debt wave is largest, fastest and most broad-based since 1970s, say economists The World Bank has highlighted the risk of a fresh global debt crisis after warning of the biggest build-up in borrowing in the past 50 years. In its half-yearly Global Economic Prospects (GEP), the Washington-based organisation said of the four waves of debt accumulation since the 1970s, the latest was the largest,...

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