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IMF: Rich Nations' Debt Stabilized, Public Investment Needed

Public debt in the world's richest nations has stabilized after being nearly halved since the global financial crisis, but remains at historic highs as pressure mounts on governments to spend more in the coming years, the IMF said on Wednesday. The Fund, which analyzes the economic policies of its 188 member countries, also warned in its twice-yearly Fiscal Monitor report that the world's falling stock of public capital could crimp future economic growth. Public...

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