Record Global Debt Requires Urgent Fiscal Action, IMF Chief Says
15 Articles
15 Articles
Public debt will exceed 100 percent of gross domestic product (GDP) in 2029, two years ahead of schedule, especially due to the increase in the United States and China, the International Monetary Fund warned.
(Seoul = Yonhap News) Reporter Lee Seong-han = The International Monetary Fund (IMF) is urging governments around the world to urgently reduce fiscal deficits to lower global debt, which has reached a record high...
<p>Global debt hits record levels, IMF urges governments to urgently reduce deficits World government debt has hit a record and will exceed 100% of global GDP by 2029. The IMF called on governments to reduce deficits.</p>
Globally, it reaches $115 trillion
Global public debt is projected by the IMF to exceed 100% of GDP by 2029, primarily due to sharp increases in US and Chinese debt, while government actions to strengthen fiscal policies remain insufficient. French public debt could reach 119.3% of GDP, the highest in over 30 years. US public debt surpasses $40 trillion. G7 countries spend record interest rates to respond to the public debt crisis.
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