Business - Economy

Global debt to hit 100% of GDP by 2029: IMF

Global debt is projected to increase to close to 100 percent of GDP by 2029, driven mainly by the increasing debt levels in the large economies, including China, Italy, the United Kingdom, and the US, with policy action needed to address fundamental imbalances between spending and revenues, according to the Fiscal Monitor Report released on Wednesday.

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Global debt to hit 100% of GDP by 2029: IMF