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As Nigerians continue to mount pressure on FG over its borrowing pattern, IMF has called on policymakers to strike the right balance

Global markets are mixed this morning with only small movements up or down. Gold is trending up, oil is mixed, and bitcoin is also trending up. Here is the current market situation from CNN Money European markets are mixed today. The DAX is up 0.52% while the FTSE 100 gains 0.06%. The CAC 40 is off 0.36%. What Is Moving the Markets Here are the headlines moving the markets. How Much Higher Can Oil Prices Go? Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on as being possible...

Many countries entered the pandemic with elevated debt levels. Our new update of the IMF’s Global Debt Database shows that global debt - public plus private - reached $197 trillion in 2019, up by $9 trillion from the previous year. This substantial debt created challenges for countries that faced a debt surge in 2020, as economic activity collapsed and governments acted swiftly to provide support during the pandemic. Higher debt can potentially reduce the ability of governments to react to the COVID-19 crisis. Our data show that the global average debt-to-GDP ratio (weighted by each country...