The Trader 

Market Outlook: Debt accumulation warning from World Bank

The Trader

This week the Washington-based World Bank published its bi—annual Global Economic Prospects report, writes CNBC today. They point out that over the last 50 years the world has seen 4 waves of debt accumulation and that the latest one, which started in 2010 was ‘’the largest, fastest and most broad-based increase’’ where historically low interest rates may not limit the chance of financial meltdown. Director of the group Ayhan Kose noted: ‘’The history of past waves of debt accumulation shows that these waves tend to have unhappy ending. In a fragile global environment, policy improvements are critical to minimize the risks associated with the current debt wave.’’ 

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