Record Global Debt Requires Urgent Fiscal Action, IMF Chief Says
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Lee Seong-han = The International Monetary Fund (IMF) is urging governments around the world to urgently reduce fiscal deficits to lower global debt, which has reached a record high...
<p>Global debt hits record levels, IMF urges governments to urgently reduce deficits World government debt has hit a record and will exceed 100% of global GDP by 2029. The IMF called on governments to reduce deficits.</p>
Globally, it reaches $115 trillion
According to IMF calculations, a significant part of the debt growth can be attributed to the world's two largest economies, the United States and China.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, issued dramatic warnings.
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