Global debt has hit a record high of $152 trillion, weighing down economic growth and adding to risks that recovery could turn into stagnation or even recession, the International Monetary Fund has warned. In a worst-case scenario the IMF also fears that a wave of populist politics across the US and Europe could send globalisation into reverse with protectionist

policies hitting international trade, investment and migration, sending the world plunging into a prolonged period of stagnation. The warning came after the IMF cut its growth forecasts for a series of countries around the world, leaving Britain the fastest growing economy in the G7. READ MORE