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Mounting household debt a stability risk: IMF

WASHINGTON: Growing household debt may offer a quick boost to economic growth but can raise the risks of a financial crisis over the medium term, the International Monetary Fund (IMF) warned on Tuesday. The findings come as central bankers in some advanced and emerging economies warn of financial stability risks after years of easy money in the wake of the global financial crisis. Research by IMF staff economists published Tuesday shows household debt levels have steadily grown in the decade since the crisis -- with…