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WB Concerned Over Global Debt

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WB Concerned Over Global Debt

Unread postby AdamB » Mon 30 Oct 2017, 13:34:33

The World Bank has warned that unless countries across the globe address issues relating to borrowing, the world could be heading for another financial crisis. In its World Economic Outlook report for October 2017, it noted that discouraging further debt build-up through measures that encourage business investment and discourage debt financing will help curb financial risk taking is the only solution out of a potential crisis, news outlets reported. In its ‘Africa’s Pulse’ report released earlier this month, the financial institution had warned on the growing debt overhang and how it was impacting negatively on development. Interestingly, there are fervent calls for the federal government to cut down on its borrowing which many economic watchers say is sustainable. The report also noted the need for monetary and fiscal authorities to provide clear paths for policy changes as it will help anchor market expectations


WB Concerned Over Global Debt
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Re: WB Concerned Over Global Debt

Unread postby peripato » Mon 30 Oct 2017, 21:18:32

AdamB wrote:
The World Bank has warned that unless countries across the globe address issues relating to borrowing, the world could be heading for another financial crisis. In its World Economic Outlook report for October 2017, it noted that discouraging further debt build-up through measures that encourage business investment and discourage debt financing will help curb financial risk taking is the only solution out of a potential crisis, news outlets reported. In its ‘Africa’s Pulse’ report released earlier this month, the financial institution had warned on the growing debt overhang and how it was impacting negatively on development. Interestingly, there are fervent calls for the federal government to cut down on its borrowing which many economic watchers say is sustainable. The report also noted the need for monetary and fiscal authorities to provide clear paths for policy changes as it will help anchor market expectations


WB Concerned Over Global Debt

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