US EditionGlobal Public Debt Set to Top Post-WWII Levels by 2029, IMF Says
15 Articles
15 Articles
Public debt has risen to the highest level since 1948 by 2029, according to the International Monetary Fund. However, the differences between countries are large.
The International Monetary Fund warns that global public debt is about to reach 100% of the gross domestic product by 2029, the highest post-World War II level. In the Fiscal Monitor report, the institution shows that government debt has increased faster than before the Covid-19 pandemic and asks States to redirect costs to areas that stimulate economic growth, such as infrastructure and education. Among the G20 economies that will exceed the 10…
IMF sounds alarm about high global public debt, urges countries to build buffers
Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to guard against economic risks.
For the Monetary Fund, the ratio will rise to the highest levels since 1948. • Starting from too high deficits and debt, the persistence of expenditure above tax revenues will push to ever higher levels threatening sustainability and financial stability •
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