U.S. and China Play a Big Part in the $100 Trillion Global Debt Load. What the IMF Says.
However, IMF official also said the two biggest debt contributors—the U.S. and China—have enough fiscal room and tools to deal with it for now. The question, of course, is if
Global public debt will hit $100 trillion by year-end, says IMF
Global public debt will exceed $100 trillion by the end of 2024, per the IMF. The U.S.' and China's rising fiscal deficits account for a significant share of increasing debt levels. Poor nations in sub-Saharan Africa are struggling the most to raise taxes while ensuring fiscal programs.
IMF Forecasts Global Economy To Grow 3.2% In 2025
The International Monetary Fund released its World Econ0mic Outlook today outlining critical growth forecasts and risk assessments for the year ahead and beyond.
IMF Raises U.S. Economic Growth Forecast for 2024 While Overall Global Output Remains Unchanged
The international economic organization heralded progress on inflation while warning about anti-globalization policies and geopolitical tensions.
The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but upgraded other countries' forecasts on AI demand.
U.S. Remains Engine of Global Growth in New IMF Forecasts
The International Monetary Fund issued its latest World Economic Outlook report, saying American economic resilience should buoy worldwide growth.
IMF raises UK growth forecast, warns on debt as finance minister readies budget
The International Monetary Fund on Tuesday raised its forecast for British economic growth this year but said the country could not take its eye off rising public debt, as finance minister Rachel Reeves prepares her first annual budget.
IMF Lowers Global Growth Forecast, Warns of Increasing Risks
The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession.
UK economy 'set to accelerate', says IMF
The UK economy is set to "accelerate", the International Monetary Fund (IMF) has said as it raised its growth forecast for this year. The influential global organisation now expects the UK to grow by 1.
IMF Lowers China 2024 Growth Forecast, Warns Property Woes 'Could Worsen'
The International Monetary Fund (IMF) revised its forecast for China's growth this year down slightly to 4.8 percent on Tuesday, warning that a persistent downturn in the real estate sector could potentially worsen.
IMF Sees Growth Shift Toward BRICS and Away From G-7 in New Outlook
The world economy is set to rely even more heavily on the BRICS group of emerging economies to drive expansion, rather than ...
IMF fiscal chief says U.S. debt sustainable, but it's time for consolidation
The U.S. debt path is still sustainable despite steady growth because policymakers have many options to bring debt under ...
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Reeves welcomes IMF's improved growth forecast
The UK economy is set to "accelerate", the International Monetary Fund (IMF) has said as it raised its growth forecast for ...
US Must Act Now to Change Path of Rising Debt, IMF’s Gaspar Says
The US keeps increasing its borrowings at a pace that can’t go on indefinitely and should take advantage of its current ...
China's stimulus measures not enough, Yellen and IMF chief economist say
China's latest stimulus measures will not meaningfully boost domestic demand, leaving a major source of trade friction intact ...
Global fight against historic inflation surge is nearly over, says IMF
Policymakers in the U.S. and other major economies have quelled the worst inflation in four decades without tumbling into ...
UK Public Investment Is Badly Needed, IMF Official Gaspar Says
The UK needs to ramp up investment to fix its weak economic growth, according to International Monetary Fund official Vitor ...
IMF urges Turkey to avoid repeat of bumper minimum wage hike
Turkey should avoid a repeat of its last inflation-fuelling minimum wage hike when the next raise is due on Jan. 1 and focus ...