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With worldwide debt at $164tn, 190 countries will be included in database dating back to 1950s

With global debt currently at a record high, the International Monetary Fund is launching a database of public and private borrowing across 190 countries – virtually the entire world – dating back to the 1950s.

In April the fund said the global economy was more indebted than before the financial crisis and immediate action needed to be taken before the next downturn. It said worldwide debt now stood at $164tn, equal to 225% of global GDP and up from a previous record of 213% in 2009.

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from US news | The Guardian https://ift.tt/2Id9JCa