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Title : IMF Says Global Debt Is Projected To Reach 100 Percent Of GDP
link : IMF Says Global Debt Is Projected To Reach 100 Percent Of GDP

IMF Says Global Debt Is Projected To Reach 100 Percent Of GDP

The International Monetary Fund headquarters building in Washington, on April 20, 2018. (Yuri Gripas/Reuters)  

Epoch Times: Global Debt Projected to Reach 100 Percent of GDP: IMF 

Global public debt is expected to surge faster than in years prior to the coronavirus pandemic, and to continue rising over the next few years, according to a new report from the International Monetary Fund (IMF). 

In the organization’s latest Fiscal Monitor report, economists stated that while international government debt receded briefly as exorbitant pandemic-era fiscal and monetary policies were wound down, that debt is beginning to increase again. IMF researchers warn that these levels will continue to rise over the next five years. 

The United States and China have mainly contributed to this upward trend. If these economies were excluded from the calculations, “the public debt-to-GDP [gross domestic product] ratio would be going down” worldwide, said Vitor Gaspar, director of the IMF’s fiscal affairs department.

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WNU Editor: And the projection is for more and more debt in the years to come.

Thus Article IMF Says Global Debt Is Projected To Reach 100 Percent Of GDP

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