IMF warns global debt could reach 123% of GDP by decade’s end, approaching WWII levels
Warns of possible ‘unruly’ market correction that could trigger fiscal-economic ‘doom loop’ Global public debt is projected to rise above 100% of gross domestic product (GDP) by 2029, reaching the highest level since 1948 and continuing to rise, the IMF said on Wednesday, urging countries to build buffers to guard against financial risks. Vitor Gaspar, head of fiscal affairs at the International Monetary Fund (IMF), said global public debt levels could soar to 123% of GDP by the end of the decade under an “adverse but plausible scenario”, just below the all-time high of 132% reached just after World War
