IMF tasks govts as global debt nears 100% of GDP - The Guardian Nigeria News
IMF tasks govts as global debt nears 100% of GDP - The Guardian Nigeria News
Source: The Guardian Nigeria News
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DW NOTE
The IMF warning governments about 100% debt-to-GDP comes seven months into a Strait closure that cut 6% of global oil supply and with 10-year Treasury yields at 5.31% — up 27% year-over-year. They're not warning about debt levels in a vacuum; they're warning as debt service costs compound in real time. The US federal deficit already hit $1.4 trillion through June, tracking toward $1.9 trillion for the full year. When your advice is "be careful about debt" while the cost of rolling that debt has risen by a quarter in twelve months, you're diagnosing a condition, not preventing one.