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

Daily Current Affairs / IMF says global public debt to top $100 trillion, growth may accelerate:

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Category : International Published on: October 16 2024

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The world's total public debt is set to exceed $100 trillion this year for the first time and may grow more quickly than forecast.
The IMF's latest Fiscal Monitor report showed global public debt will reach 93% of global gross domestic product by the end of 2024 and approach 100% by 2030.
Global public debt could reach 115% of GDP in three years-IMF.
IMF says political sentiment tilted toward more spending.
Countries face spillovers from fiscal uncertainty in US, China, IMF says.