Growing global debt pile prompts recession warning

By Mark Mulligan
Updated September 30 2014 - 5:13pm, first published 2:35pm
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock
The global debt pile is getting tougher to tackle, a new report warns. Photo: iStock

Developed economies are at risk of becoming trapped in a low-growth, low-inflation cycle in which mounting public, household and company debt will be hard to pay down without triggering prolonged recession, according to an ominous report.

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