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Opinion: Beware of personal debt - it may come back to haunt you

Opinion: Beware of personal debt - it may come back to haunt you 27 Apr, 2021 10:00 PM 3 minutes to read Our current household debt stands at 95 per cent of GDP, writes Tim Wilson. Photo / Getty Images Our current household debt stands at 95 per cent of GDP, writes Tim Wilson. Photo / Getty Images Bay of Plenty Times One of the biggest financial impacts of Covid-19 has been debt. Last year alone added US$24 trillion to the global debt abyss, as calculated by the Washington-headquartered Institute of International Finance. The world debt to GDP ratio surged by 35 percentage points during the year of Covid to 355 per cent.

Business Scoop » New Zealand: Staff Concluding Statement Of The 2021 Article IV Discussions

Press Release – International Monetary Fund A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or mission), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article … A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

auckland scoop co nz » New Zealand: Staff Concluding Statement Of The 2021 Article IV Discussions

Press Release – International Monetary Fund A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

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