IMF warns global public debt to surpass $100 trillion by 2024, reaching 100% of GDP by 2030.

The International Monetary Fund (IMF) warns that global public debt will exceed $100 trillion this year, reaching 93% of global GDP by 2024 and 100% by 2030. Factors like increased government spending and slow growth contribute to this rise. The IMF emphasizes the need for stronger fiscal consolidation efforts to manage debt and mitigate future risks, stating current strategies are inadequate to stabilize borrowing levels.

October 15, 2024
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