DAVOS, Switzerland – While government debt levels are climbing around the world, with debt burdens in emerging markets rising rapidly, so far there is not evidence of a systemic debt crisis, but there are risks ahead, International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday.
“As yet we do not see a systemic sovereign debt crisis,” she told a panel at the World Economic Forum here, but the risk ahead is “salient.”
(Reporting By Dan Burns)