
Global government debt is at its highest level since World War II
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Global government debt is approaching record levels amid the fallout from crises and inflationary pressures.
Global government debt is at its highest level since World War II and could exceed 100% of global GDP before 2030, according to Kristalina Georgieva, managing director of the International Monetary Fund (IMF).
“Global government debt is close to its highest level since World War II and looks set to soon exceed 100% of GDP,” Georgieva said.
The IMF head sees the most serious problem in developed economies, where the debt-to-GDP ratio is already higher than that of developing countries and low-income countries. According to her, it is no longer possible to rely only on accelerating economic growth to solve budgetary problems.
As Georgieva states, in some cases measures need to be taken now, including to reduce pressure on monetary policy.
The head of the IMF also warned of persistent inflationary pressures. Among inflationary factors, she names the construction of infrastructure for artificial intelligence, jumps in energy and food prices, import tariffs, rising defense spending and increasing debt servicing costs.
AI outlook — possibilities, not facts
Global public debt will exceed 100% of global GDP by 2030
Likely · Within months

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