$3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF
„Emerging market companies have „over-borrowed“ by $3 trillion in the last decade, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF’s Global Financial Stability Report. This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy, said stark findings from the IMF’s…
