IMF projects global government debt to exceed $100 trillion, surpassing 100% of global output.

The International Monetary Fund (IMF) projects global government debt will exceed $100 trillion by year-end, surpassing 100% of global output. The UK has already crossed this threshold with £2.7 trillion in national debt. Rising financing costs and inflation pose risks globally, including in the U.S. Experts advise against holding cash in low-interest accounts or government debt, recommending investment in real assets and companies with strong pricing power.

October 19, 2024
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