IMF says US, China debts pose risks to global public finances
==========

The International Monetary Fund (IMF) warns that the US and China will drive the increase in global public debt over the next five years. Both countries are projected to nearly double their public debt by 2053. The IMF states that how these two economies manage their fiscal policies will have profound effects on the global economy and pose risks to other economies. The high and uncertain interest rates in the US make it difficult for many countries by strengthening the value of the US dollar and increasing debt burdens. The IMF also warns of risks from a larger-than-expected slowdown in China, which could impact international trade, external financing, and investments. The report projects a decline in overall primary deficits but notes substantial risks to public finances in many countries. The IMF highlights that this year, voters in 88 economies representing over half of the world's population and GDP will go to the polls, making it a challenging year for fiscal policy. 



https://theedgemalaysia.com/node/708326