Public debt levels could outgrow the world economy within five years, IMF chief Kristalina Georgieva has said
Global public debt will exceed the size of the world economy within five years, IMF chief Kristalina Georgieva warned on Wednesday, calling the trend a “sobering reality” for policymakers worldwide.
Public debt refers to the total debt held by governments, businesses, and households. Georgieva said the surge in borrowing is driven by fiscal deficits, pandemic legacies, and rising interest costs in both advanced and emerging economies.
“Global public debt is projected to exceed 100% of GDP by 2029,” Georgieva said in a speech broadcast…
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