Tag: 20:HK

Rising Global Government Debt The IMF projects that global general government debt, including borrowing by central and local governments and government-owned institutions, will reach 93.3% of global GDP this year and gradually rise to 99.6% by 2028. In 2018, the debt-to-GDP ratio was 82.8%, and it reached a recent peak of 99.7% in 2020. The…