IMF warns global debt is hurtling toward 100% of world GDP, urges governments to hit the brakes - Crypto Briefing

IMF warns global debt is hurtling toward 100% of world GDP, urges governments to hit the brakes - Crypto Briefing

Source: Crypto Briefing

DW NOTE

The IMF warns about debt hitting 100% of GDP while the US alone is running a $2 trillion fiscal deficit this year — a third consecutive year above $1.9 trillion. The institution that encouraged pandemic spending, green transition borrowing, and development lending now sees a problem. Hitting the brakes requires admitting which programmes to cut. No government will volunteer.

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