IMF: Global public debt to exceed $100-T this year

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00:00The International Monetary Fund, or IMF, reported global public debt is expected to surpass

00:06$100 trillion this year. The IMF's latest report predicts public debt worldwide will

00:12hit 93% of global gross domestic product, or GDP, by the end of the year and is set

00:18to come close to a 100% by the year 2030, exceeding its COVID-19 pandemic peak and rising

00:2510 percentage points from 2019. The report also revealed debt forecasts often fall short

00:32with actual debt-to-GDP ratios five years later, averaging 10% higher than initial estimates.

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