International Monetary Fund Warns of Sluggish Global Growth and Record Sovereign Debt
The International Monetary Fund has cautioned that the global economy is facing a period of low growth and mounting financial pressure as total sovereign debt is projected to surpass one hundred trillion dollars. Managing Director Kristalina Georgieva warned that record-high debt burdens and persistent geopolitical tensions will severely limit the ability of governments and central banks to respond to future economic shocks.