Global public debt projected to hit 100% of GDP by decade's end

Public debt is higher today and growing at a faster rate than before the pandemic in 80% of the world's economies. According to the latest fiscal report from the International Monetary Fund, global public debt could rise to 100% of GDP by the end of this decade if it continues to increase at the current rate. The increase in public debt also comes against a backdrop of great geopolitical and economic uncertainty, which could seriously jeopardize global financial resilience.