IMF Chief Urges Governments to Tighten Belts as Global Debt Levels Soar
6 Articles
6 Articles
IMF Chief Kristalina Georgieva warns: it was cheap money has ended, and global public debt is heading to a record level. The IMF estimates that it could exceed 100% of GDP by 2030.
Governments are faced with "very tough policy choices" to contain public spending and counter the sharp increase in bond yields that has brought financing costs to the maximum of several decades: it is "urgent" to rebuild the public sector... (ANSA)
"There is an urgent need for credible medium-term fiscal consolidation plans," said Kristalina Georgieva.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva issued an urgent warning, signaling a return to a period of global austerity. The IMF warns global public debt will exceed 100% of GDP by 2029. French public debt could reach 119.3% of GDP, the highest in over 30 years. G7 countries are spending record interest rates to respond to the public debt crisis.
Kristalina Georgieva asks governments with large debts to reduce their deficits and warns that global public debt could exceed 100% of GDP by 2030. The IMF Chief also supports a more restrictive monetary policy, given that the world economy is affected by high energy prices and the boom in investment in intelligence [...]
IMF chief urges governments to tighten belts as global debt levels soar
The head of the International Monetary Fund has called on governments across big economies to tighten their belts as soaring bond yields hit budgets. Speaking in Singapore, the IMF’s managing director, Kristalina Georgieva, said global debt-to-GDP ratios were at their highest level since the…
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