A report by the International Monetary Fund warns the global financial system is becoming increasingly unstable.
In its latest Financial Stability Report, the IMF has warned of greater global financial risks. It highlighted rising public and corporate debt levels in many nations and capital outflows in emerging economies.
The British Prime Minister is still in office after surviving a no-confidence vote in her government. But Germany and the rest of Europe are deeply worried about the increased likelihood of a no-deal Brexit.
Over nearly 10 years, the world economy has been growing by a moderate but steady clip. In 2019 though, risks such as Brexit, trade wars and higher interest rates could spell the end to an unprecedented economic boom.
While domestic corruption and mismanagement are part of the problem, activists say the situation is complex. The international community is also to blame for the enormous mountain of debt threatening African economies.
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