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IMF: Public Debt at Highest Point in 70-plus Years

Public debt has soared throughout the world's advanced economies to the highest levels since World War II, the International Monetary Fund warned Wednesday, with many governments facing weak growth and declining prices for such commodities as oil and metals. Even as the global economic crisis of several years ago eased, the IMF said, government borrowing picked up, and two of the world's economic powers, Japan and Europe, remain mired in slow growth. The Washington-based world...

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