Tag: Financial Stability Board

Economy and TradingEnergy Policy

Global Debt Crisis Tops G20 Agenda as IMF Warns of Record 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 World War II. South African Reserve Bank Governor Lesetja Kganyago emphasized that debt is now a global problem affecting both developed and emerging economies.

Global Debt Reaches Crisis 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.

by Aaron Blake
Economy and TradingEnergy Policy

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.

by Priya Kapoor