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IMF says global public debt to top $100 trillion, growth may accelerate

  • Global public debt is expected to exceed $100 trillion for the first time this year, as stated by the International Monetary Fund .
  • Government borrowing will reach 93% of global GDP by year-end and may reach nearly 100% by 2030.
  • The IMF report notes that political sentiment is favoring higher spending and may increase borrowing needs.
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