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The biggest threats to global economic growth are government debt and protectionist leanings, European Union economy commissioner Pierre Moscovici said, underlining the challenges confronting finance chiefs at the International Monetary Fund meetings in Washington.The IMF warned this week that the world's debt load has ballooned to a record $164 trillion, a trend that could make it harder for countries to respond to the next recession. Global public and private debt increased to 225 percent of worldwide economic output in 2016, the fund said Wednesday in its semi-annual Fiscal Monitor report.The global debt burden clouded the IMF's otherwise upbeat outlook of the world economy, which is in its strongest upswing since 2011 .
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