The first vice president of the International Monetary Fund, Gita Gopinath, warned that the level of borrowing in the global economy cannot be taken lightly and that the bond market is in a “vulnerable state.” “The level of debt is unbelievably high, and it's still rising,” Gopinath said on Thursday. “In the past, you might say, 'So what? The market will bear it. ' But this is no longer the case, even in advanced economies.” Gopinath, the No. 2 IMF figure, will step down and return to Harvard University this week. He pointed out that there are signs of debt concerns in the French and British bond markets. “The same is true for long-term US bonds.”

The first vice president of the International Monetary Fund, Gita Gopinath, warned that the level of borrowing in the global economy cannot be taken lightly and that the bond market is in a “vulnerable state.” “The level of debt is unbelievably high, and it's still rising,” Gopinath said on Thursday. “In the past, you might say, 'So what? The market will bear it. ' But this is no longer the case, even in advanced economies.” Gopinath, the No. 2 IMF figure, will step down and return to Harvard University this week. He pointed out that there are signs of debt concerns in the French and British bond markets. “The same is true for long-term US bonds.”