The International Monetary Fund (IMF) has projected that global public debt will exceed 100% of GDP by 2029, marking the highest level since 1948. In its latest fiscal monitoring report, the IMF emphasized the need for countries to build fiscal buffers to better manage potential economic shocks. This forecast underscores the growing financial challenges faced by governments worldwide as they navigate post-pandemic recovery and geopolitical tensions.
IMF Forecasts Global Public Debt to Surpass 100% of GDP by 2029
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