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Stock impact report

Global debt now at $164 trillion, or 225% of GDP, International Monetary Fund warns [USA TODAY]

Northern Trust Corporation (NTRS) 
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
Company Research Source: USA TODAY
CLOSE It’s tax day! ...And according President Trump, paychecks are climbing, tax rates are going down and Americans are winning. Veuer's Chandra Lanier has the story. Buzz60 This file photo taken on June 30, 2015 shows the logo outside the headquarters of the International Monetary Fund in Washington, DC. (Photo: BRENDAN SMIALOWSKI, AFP/Getty Images) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE The world is now 12% of GDP deeper in debt than it was at a peak debt cycle during the financial crisis in 2009, hitting a whopping $164 trillion, according to the International Monetary Fund (IMF). Global debt is at a historic high reaching the equivalent of 225% of GDP, the IMF said in its newly released Fiscal Monitor , describing China as a “driving force” behind the new debt levels. China owns the lion’s share, sucking up almost three-quarters of the increase in private debt since the financial crisis. But it’s not alone. T Show less Read more
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