IMF Warns Global Public Debt to Exceed 100% of GDP by 2029

The International Monetary Fund (IMF) has raised concerns over the trajectory of global public debt, predicting that it will surpass 100% of the world's GDP by 2029, the highest level since the immediate post-World War II period. The IMF's latest fiscal monitor report highlights the rise in fiscal strain as countries continue to run large deficits amid weak growth and elevated borrowing costs.

Major economies like the United States, Japan, and several European states are identified as the largest contributors to global public debt. Additionally, China's public debt ratio is expected to increase, while emerging and low-income countries face higher borrowing costs and debt distress risks.