IMF Warns of Possible ‘Spiral’ of Waning Growth, Escalating Debt

  • Global debt rising as emerging markets struggle, IMF says
  • Spending cuts could set off cycle, fund's fiscal chief says

What Threats Are There to Global Financial Stability?

Global policy makers need to guard against a self-reinforcing “spiral” of weakening growth and rising debt that could require a coordinated response by the world’s major economies, according to the IMF’s top fiscal watchdog.

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