IMF warns of growing global debt fueled by US, China ...Middle East

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WASHINGTON: Global government debt is on track to reach levels not seen since the height of the Covid-19 pandemic, the International Monetary Fund (IMF) warned on Wednesday.China and the United States are responsible for the vast majority of the expected debt increase over the next five years, the head of the IMF's Fiscal Affairs department, Vitor Gaspar, told AFP in an interview.He was speaking ahead of the publication of the IMF's Fiscal Monitor report on Wednesday morning.“We have in 2023 a situation where public debt is higher than what was expected pre-pandemic,“ he said.Public debt is also expected to grow more quickly than was predicted before the pre-pandemic, he added.In the US, gov

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Last updated : 12 April 2023 clock 04:44 PM

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IMF warns of growing global debt fueled by US, China ...Middle East

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