China’s Corporate Global Expansion Emerges as Economic Lifeline Amid Domestic Challenges
The New Face of Chinese Economic Power While China’s domestic economy faces significant headwinds including a prolonged property crisis and…
Tag: Emerging market
Global Debt Crisis Tops G20 Agenda as IMF Warns of Post-WWII Levels
Global debt concerns have been elevated to a top-tier issue at the G20 meetings, with the IMF warning debt could reach levels not seen since WWII. South Africa’s central bank governor emphasizes this is a global problem affecting both developed and emerging economies.
Global Debt Reaches Critical Levels
According to reports from the International Monetary Fund and World Bank annual meetings in Washington, global public debt is expected to surpass 100% of global output by 2029. Sources indicate that under what the IMF describes as an “adverse but plausible” scenario, debt could reach 123% of GDP by the end of the current decade – levels not seen since the aftermath of World War Two.