Global public debt could exceed 100% of global GDP by 2030, the IMF warned
10 Articles
10 Articles
Global public debt will soon exceed total world gross domestic product (GDP), which has been considered record since World War II, a statement made by the Managing Director of the International Monetary Fund, Kristalina Georgiev, during his visit to Singapore.
World public debt could soon exceed 100 per cent of global GDP and break the record since the Second World War, as stated by the Managing Director of the International Monetary Fund (IMF) in Singapore today, 7 October.
The head of the International Monetary Fund, Kristalina Georgieva, warns that the period of cheap money and economic growth fast enough to keep debts under control has ended. Global public debt is approaching levels after the Second World War and could exceed 100% of GDP before 2030. In parallel, the world economy is hit by high energy prices, while the boom in investment in artificial intelligence brings both opportunities and risks, Euronews s…
Global public debt could exceed 100% of global GDP by 2030, the IMF warned
Global public debt could exceed 100% of global GDP by 2030, the IMF warned.The debt burden has already reached its highest level since the Second World War. According to the head of the fund, Kristalina Georgieva, the problem is particularly acute...
The Director-General of the International Monetary Fund, Kristalina Georgieva, said that, at present, the rate of economic growth required to reduce the debt without budgetary cuts or tax increases seems untouched, under conditions where the overall public debt is heading towards exceeding the 100% of GDP threshold.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, asks the governments strongly indebted to tighten the belt, and the central banks to adopt a restrictive monetary policy, writes...
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