Reported about 8 hours ago
The International Monetary Fund (IMF) has announced that global public debt is expected to exceed $100 trillion this year, with projections indicating that debt growth may accelerate due to increasing political pressures for spending and slow economic growth. By the end of 2024, public debt is projected to reach 93% of the world's GDP, likely to surpass 100% by 2030. The IMF highlights that both ongoing electoral promises in the U.S. and rising costs from issues like climate change and an aging population will contribute to escalating debt levels, urging for more fiscal consolidation in a currently favorable economic environment.
Source: YAHOO