IMF Sounds Alarm on Mounting Fiscal Strains as Major Economies Grapple with High Debt
10 Articles
10 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = As government bond yields in major countries soar to their highest levels in decades, the International Monetary Fund (IMF) [advised] governments of each country to fiscal capacity...
Devdiscourse
IMF sounds alarm on mounting fiscal strains as major economies grapple with high debt
Major economies face growing pressure to rein in fiscal deficits and rebuild financial buffers as high public debt and rising borrowing costs limit their ability to respond to future shocks, the International Monetary Fund (IMF) has warned, even as it projected global growth at 3.1 per cent in 2026 and 3.4 per cent in 2027.
The increase in borrowing costs and public debt service costs reduces countries' fiscal reserves, and the global economy's resilience is close to exhaustion, said the IMF's chief economist, Sylvan Tenreiro. "The economy has demonstrated sustainability, but this margin of strength has reached its limits. The challenge ahead is to move from a simple response to the challenges of recovery: there is a need to re-establish fiscal space and strengthen…
Finance ministers and central bank governors around the world are meeting this week in Bangkok, under the auspices of the International Monetary Fund and the World Bank, on the basis of energy shocks, public debt pressures and the advance of Artificial Intelligence, broadcasts AFP.
Coverage Details
Bias Distribution
- 80% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
