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

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.
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