According to the IMF, public debt in the average European economy would double over the next 15 years if current trends continue, with average debt levels across the continent reaching around 130 per cent of GDP by 2040.
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) Opening remarks at HKIMR-BIS-IMFJointConference on "Global Interconnections and Financial Stability" ... Opening remarks at HKIMR-BIS-IMF Joint Conference on "Global Interconnections and Financial Stability".