Toxic debts could reach $4 trillion, IMF to warn | WHAT REALLY HAPPENED

Toxic debts could reach $4 trillion, IMF to warn

The IMF said in January that it expected the deterioration in US-originated assets to reach $2.2 trillion by the end of next year, but it is understood to be looking at raising that to $3.1 trillion in its next assessment of the global economy, due to be published on April 21. In addition, it is likely to boost that total by $900 billion for toxic assets originated in Europe and Asia.

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