Reported about 1 month ago
As global finance leaders prepare for upcoming meetings in Washington, the IMF warns that public debt is approaching $100 trillion, primarily due to rising debts in the U.S. and China. IMF Managing Director Kristalina Georgieva emphasizes the need for countries to tighten their fiscal strategies to confront an uncertain economic future, marked by low growth and high debt levels. Various countries, including the UK and France, are facing scrutiny and pressure to stabilize their financial situations amidst these warnings.
Source: YAHOO