High debt burdens in Australia and other countries have been highlighted in a report by the main global central banking authority as among factors that could put the global economy at risk of recession. But the Bank for International Settlements says the global economy has picked up and prospects for the next few months are the best in a long time. It says the recovery is maturing but faces risks from populist rejection of free trade and from high debt that could burden consumers and companies as interest rates rise. The bank said debt burdens were worrisome in a range of countries, including Australia, China, Canada and Norway. More from Themis Kallos and Sotiris Hatzimanolis.
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