Global Public Debt Rises to Post-WWII Levels Amid Economic Challenges
The IMF warns that global public debt is approaching 100% of GDP by 2029, driven by slow growth, rising borrowing costs, and the impact of the Middle East conflict. Governments face limited fiscal space to address rising energy and food prices, with the IMF cautioning against inefficient policies like broad energy subsidies. The situation highlights the growing financial strain on global economies.
Topics: fiscal policy global economy IMF report interest rates Middle East conflict public debt