Fix the global debt crisis before it's too late, warns World Bank's David Malpass
GZERO World with Ian Bremmer
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Introduction
Ian Bremmer: If global debt were divided equally among everyone on the planet, it would amount to $37,500 per person. Decades of low interest rates and cheap goods made money easy to borrow globally. Rich countries could more or less weather the storm by pumping trillions of stimulus dollars into their economies. Poor countries just kept borrowing money and now an estimated 60 percent of those nations are facing debt distress.
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