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Global debt

Global Debt hits to unprecedented $164 trillion: IMF

WASHINGTON: The worldwide debt stands at a historic high with $164 trillion borrowing by public and private sectors of 190 countries IMF said in a report on Monday. According to the report of International Monetary Fund (IMF), the high borrowing countries include the richer ones - China, United States and Japan - are the top most borrowers. “It is nonetheless striking that the top 2016 three borrowers in the world — the United States, China, and Japan) — account for more than half of the global debt, significantly greater…