IMF expects increase in global public debt

News Department
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Global public debt in the medium term will grow annually by 1 percentage point of global GDP and will reach 100% of GDP by the end of the decade, according to the International Monetary Fund (IMF), Report informs.

Global debt is expected to increase by 1 percentage point of GDP each year over the medium term, the document said.

The fund explained that the increase in size is due to the growing debt of the biggest economies, including the US and China.

At the projected pace, global public debt will reach 100% of GDP by the end of the decade, the IMF added.

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