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Their projections indicate that global government debt will hit 95.1% of GDP by 2025 and 99.6% by 2030. In 2020, during the peak of the coronavirus pandemic, the percentage was 98.9%.
"The IMF report stated that the United States' large-scale tariffs, responses from other nations, and extremely high uncertainty levels are contributing to the worsening outlook and heightened risks."
The yearly worldwide fiscal shortfall is anticipated to reach 5.1 percent of GDP in 2025, rising from 5.0 percent in 2024.
The estimates rely on a baseline scenario that anticipates a global GDP growth of 2.8% in the current year.
In a more pessimistic scenario, global debt may surpass 117% of GDP by 2027, approaching the peak level seen since World War II.
source: imf.org
"The IMF report stated that the United States' large-scale tariffs, responses from other nations, and extremely high uncertainty levels are contributing to the worsening outlook and heightened risks."
The yearly worldwide fiscal shortfall is anticipated to reach 5.1 percent of GDP in 2025, rising from 5.0 percent in 2024.
The estimates rely on a baseline scenario that anticipates a global GDP growth of 2.8% in the current year.
In a more pessimistic scenario, global debt may surpass 117% of GDP by 2027, approaching the peak level seen since World War II.
source: imf.org
