IMF’s No. 2 Warns on ‘Fragile’ Bond Markets, Complacency on Debt

International Monetary Fund Deputy Managing Director Gita Gopinath warned against complacency over levels of borrowing in the global economy, saying that bond markets are “in a fragile place.”

“Debt levels are incredibly high — they are ever-increasing,” Gopinath said in an interview with Bloomberg Surveillance on Thursday. “While in the past, you might have said, ‘So what? Markets will take it,’ that’s not the case any more, even in advanced economies.”