IMF Managing Director Kristalina Georgieva arrives for her first day in her new post at IMF headquarters in Washington October 1, 2019. — Reuters pic
While private sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said. Corporate debt accounts for about two thirds of the total but government borrowing has risen as well in the wake of the global financial crisis.
Source: Loan Digest (loandigest.net)
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