Global public debt is set to reach $100 trillion, or 93% of\u00a0global gross domestic product, by the end of this year, driven by the US and China, according to new analysis by the International Monetary Fund.<\/p>\n\n\n\n
In its latest Fiscal Monitor<\/a> \u2014 an overview<\/a> of global public finance developments \u2014 the IMF said it expects debt to approach 100% of GDP by 2030, and it warns that governments will need to make tough decisions to stabilize borrowing.<\/p>\n\n\n\n Debt is tipped to increase in the US, Brazil, France, Italy, South Africa and UK, according to the IMF report, which urges governments to rein in debt.<\/p>\n\n\n\n \u201cWaiting is risky: country experiences show that high debt can trigger adverse market reactions and constrains room for budgetary maneuver in the face of negative shocks,\u201d it said.<\/p>\n\n\n\n Read it all<\/a> (registration or subscription).<\/p><\/p> Global public debt is set to reach $100 trillion, or 93% of global GDP, by the end of this year, driven by the US and China, according to new analysis by the IMF https:\/\/t.co\/3beTtprVZ9<\/a><\/p>— Bloomberg Markets (@markets) October 15, 2024<\/a><\/blockquote>