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Notícias ao Minuto - OECD warns of "historically" high levels of private debt

The OECD warns that the "historically" high levels of private debt in many member countries and some emerging economies, particularly China, entail a number of risks of financial shocks and reduced growth in the medium term.

In a report published today, the Organization for Economic Co-operation and Development (OECD) stresses that this situation does not have to give rise to instability, but poses a threat if financial conditions are under pressure.

In the case of indebted households, the vulnerability may arise mainly from a reversal in real estate prices, which are the origin of a large part of the loans.

Read more (in portuguese): OECD warns of "historically" high levels of private debt

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