Global public debt levels set to reach $100 trillion this year, IMF warns of low growth.

From Yahoo Finance: 2024-10-20 02:03:52

Global finance chiefs are gathering in Washington amid calls from the IMF to tighten their belts as global public debt levels are set to reach $100 trillion this year. Managing Director Kristalina Georgieva warns of a future of low growth and high debt. In the UK, Chancellor of the Exchequer Rachel Reeves faces market backlash risks if debt doesn’t stabilize. Moody’s Ratings may report on France while central bank moves in Canada and Russia are anticipated. Meanwhile, US and European data and central bank decisions are expected to shape the global economy further in the coming week.



Read more at Yahoo Finance: The World’s $100 Trillion Fiscal Timebomb Keeps Ticking