IMF: Global Debt At All-Time High Of $152 Trillion

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IMF Managing Director Christine Lagarde speaks during a press conference at the 2016 Annual Meetings of the International Monetary Fund Headquarters and the World Bank Group at the IMF Oct. 6, 2016 in Washington. (Zach Gibson/AFP/Getty Images)
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The International Monetary Fund said this week that the world now has $152 trillion in debt.

That’s a record, and it represents 225 percent of global gross domestic product. That number includes debt from households, governments and non-financial firms.

Here & Now‘s Jeremy Hobson talks with business journalist Ali Velshi about what this kind of debt means for the world.

Guest

Ali Velshi, business journalist. He tweets @AliVelshi.

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