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IMF report finds public debt hits 97% of world s economy

IMF report finds public debt hits 97% of world s economy Follow Us Question of the Day By David Sherfinski - The Washington Times - Wednesday, April 7, 2021 Average public debt hit an “unprecedented” 97% of the world’s economy in 2020, driven largely by the U.S., which had the worst fiscal balance among Western advanced economies, according to an International Monetary Fund report released Wednesday. The public debt surged 13 percentage points from pre-pandemic projections. It is expected to remain at 99% of the size of the global gross domestic product in 2021 and in the medium term, according to the IMF’s Fiscal Monitor report.

Roundup: IMF calls for flexible policies to foster inclusive recovery - World News

2021-04-08 08:05:46 GMT2021-04-08 16:05:46(Beijing Time) Xinhua English WASHINGTON, April 8 (Xinhua) The International Monetary Fund (IMF) on Wednesday urged policymakers to provide flexible support tailored to varied needs across sectors and economies to foster a fair and inclusive recovery of the global economy. The good news is that there is light at the end of the tunnel. After the worst global recession since the second world war, the recovery is underway, said IMF Managing Director Kristalina Georgieva at a virtual press conference during the IMF/World Bank Spring Meetings. And yet despite a ray of light the crisis continues to cast a dark shadow, Georgieva said.

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