Bribery eats up 2% of global economy: IMF
Bribery eats up $1.5-2.0 trillion annually around the world, over 2% of the global gross domestic product, according to an International Monetary Fund (IMF) report released on Thursday. Corruption perpetuates economic inefficiency, undermines public policy, exacerbates inequality, and scares off both domestic and foreign investors, the report on the economic impact of corruption said.