While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.Market Insiderread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
The new cut will likely draw thousands back to theaters and could finally push "Avengers: Endgame" above and beyond the record $2.78 billion "Avatar" has earned since its...Entertainmentread more
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.The Fedread more
The world is awash with $152 trillion dollars of debt, according to the IMF, an all-time high which sits at more than double the balance at the start of this century.
This debt mountain, as of 2015, represents 225 percent of gross domestic product (GDP), up from 200 percent in 2002 and signifies the extent to which increases in borrowing have outpaced economic growth during the period.
While the Washington D.C.-based organization emphasized that there is no exact science to knowing how much debt is too much, it has urged governments in certain countries to tackle excessive private debt levels.
A prolonged period of low interest rates, initiated when central banks slashed benchmarks as part of the toolkit engaged to counter the effects of the global financial crisis, has seen many corporates take advantage of the favorable terms to issue aggressive levels of debt.
Yet the ongoing low interest rate environment has also made it more challenging to erode outstanding debt balances,which can be more easily repaid in a climate of higher inflation. Indeed,the IMF warned that the dynamics of the current situation resembled a negative feedback loop, in which debt deflation is causing the real burden of debt to increase, leading to poorer economic growth and yet further deflation.
The IMF acknowledged the decreasing menu of options available to policymakers to trigger effective actions, saying the room for maneuver had shrunk since the beginning of the global financial crisis. It also called on fiscal, monetary and structural solutions to be looked at synergistically to maximize their impact.
The organization has sought to pinpoint where it sees the biggest potential problem areas, saying private debt is high not only among advanced economies but also in a few "systemically important" emerging market economies, namely Brazil and China.
Although governments only account for around one-third of the world's debt, the report also showed the swelling of their balance sheets in the years since the financial crisis.
The IMF's semi-annual Fiscal Monitor report repeatedly highlighted the crucial role of fiscal actors in creating a stabilizing climate in which growth can flourish and debt balances can be safely unwound, thereby reducing the depth and duration of a potential financial recession triggered by too much borrowing.
It pointed to Europe as an example of where an impaired banking system was a hurdle to successful deleveraging. The IMF also singled out China as a country at risk of a disorderly wind-down of current high corporate debt levels.
At this week's meeting with the World Bank in Washington,the IMF is expected to repeat its call for states to step up and play a more supportive role as global consensus continues to grow that monetary policy is reaching its limits of effectiveness.
Follow CNBC International on and Facebook.