IMF Warns of High Global Public Debt by 2029. Here's Why it Matters | Vantage with Palki Sharma

Global public debt is rising at record speed, with the IMF warning it could surpass 100% of global GDP by 2029, reaching levels not seen since World War II. Governments worldwide are borrowing heavily to fund healthcare, pensions, defence, and disaster recovery amid slowing tax revenues, ageing populations, and soaring interest rates. Major economies like the US, Japan, China, and the UK are deep in debt, while countries such as Argentina, Ukraine, Egypt, and Pakistan owe billions to the IMF. The Fund warns that high debt and shrinking fiscal space risk triggering a “doom loop” unless governments cut deficits and build buffers.

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Global Public Debt Crisis | IMF Global Debt Warning | Debt To GDP Forecast 2029 | Public Debt At WWII Levels | Soaring Government Borrowing | Ageing Population And Fiscal Pressure | Rising Interest Rates Impact | Fiscal Deficit And Global Debt | US Japan China Debt Levels | Global Economic Stability RisksFirstpost | World News | News Live | Vantage | Palki Sharma | News

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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

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