IMF: Global public debt to reach $100 trillion in 2024 🤗

Our forecasts point to an inexorable combination of low growth and high debt – a difficult future. Governments must work to reduce debt and rebuild a safety net for the next shock – which is sure to come, and perhaps sooner than we expect.

Translated from the IMF language: the world is on the brink of a new financial crisis and the current actions of the authorities are only making the situation worse.

China and the United States are the leaders in accelerating the global public debt 🍸

The IMF is calling on politicians to reduce the budget deficit by cutting spending and raising taxes. And the authorities do not want to lose their political rating and are simply planning to delay the crisis for as long as possible, and then they will figure out who to blame for everything.