Global government debt on course to hit 100% of GDP by 2029, IMF warns
by Heather Stewart in Washington from on (#70S44)
Ratio would be highest since aftermath of second world war, with UK among G20 countries forecast to peak above
Government debt across the world is on course to hit 100% of global gross domestic product (GDP) by 2029, according to analysis by the International Monetary Fund, the highest level since the aftermath of the second world war.
In its Fiscal Monitor report, the IMF said aggregate government debt had risen more rapidly than expected before the Covid pandemic, when policymakers stepped into protect citizens and bail out hard-hit businesses.
Continue reading...