Global public debt to near 100% of GDP in 2020 amid pandemic

Global public debt is projected to rise to an all-time high of close to 100 percent of the world’s gross domestic product in 2020, as countries have taken aggressive fiscal actions totaling $12 trillion amid the coronavirus pandemic, the International Monetary Fund said Wednesday.The fiscal response, coupled with the sharp decline in output and government revenue, will push global government debt to 98.7 percent of the GDP, up 15.7 percentage points from the previous year, according to the IMF’s latest Fiscal Monitor report.The Washington-based institution said the drastic fiscal measures have…

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HEDGE accordingly