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Governments' debt to hit 100% of global GDP by 2029, says IMF
The Guardian
|October 16, 2025
Government debt across the world is on course to hit 100% of global gross domestic product by 2029, according to analysis by the International Monetary Fund, the highest level since the aftermath of the second world war.
In its fiscal monitor report, the IMF said aggregate government debt had risen more rapidly than expected before the Covid pandemic, when policymakers stepped into protect citizens and hard-hit businesses.
It urged governments to switch spending to growth-friendly areas such as infrastructure and education to help bolster the world economy and make debts more sustainable.
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The Guardian
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