IMF Warns About Soaring Global Government Debt
The IMF has issued a stark warning over soaring global government debt, saying it is on track to exceed 100% of GDP by 2029. Semafor: Such a ratio would be the highest since 1948, when large economies were rebuilding post-war. Today, “there is little political appetite for belt-tightening,” The Economist wrote: Rich nations are reluctant to raise taxes on their beleaguered electora … ⌘ Read more