IMF Warns Britain of Debt Danger Point

Thursday, October 7, 2010 20:29
Posted in category Economic Outlook

Debt Danger Point

According to calculations by the IMF, it is indicated that a weaker-than-expected global economic growth could propel UK’s debt as a proportion of national output to within a whisker of the dangerous 100% mark.
In a stress test of rich nations’ resilience, the IMF stated out how global growth that was slower than expected would derail their deficit-reduction plans.

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