Global public debt to hit $100 trillion by end of 2024, IMF says

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Global public debt to hit $100 trillion by end of 2024, IMF says - Business Mirror

Quick Summary:

Global public debt is set to reach $100 trillion, or 93 percent of global gross domestic product, by the end of this year, driven by the US and China, according to new analysis by the International Monetary Fund.

The debt-at-risk metric for advanced economies has slipped from pandemic peaks and is now estimated at 134 percent of GDP, but it has risen to 88 percent for emerging market and developing economies.

Countries where debt is not projected to stabilize make up over half of global debt and about two-thirds of global GDP.