The IMF predicted the growth of global public debt to 91% by the end of the year
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At the end of 2022, the global public debt will be 91%. This is 7.5% more than the figure recorded before the start of the coronavirus pandemic. Such estimates are contained in published on October 12 report “Tax Monitor” of the International Monetary Fund (IMF).
Growth in global public debt has resumed after a recent decline due to economic recovery from inflationary shocks. It is predicted that in 2022 the volume of US debt will be 122.1% of GDP, the eurozone countries – 93% of GDP, the G20 – 122.9% of total GDP.
On October 11, the IMF issued report, in which it worsened the global GDP forecast for 2023 to 2.7%, which is 0.2% lower than the July forecast. The fund forecasts global inflation to peak at 9.5% in 2022 and then slow to 4.1% by 2024.
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