Rising global debt requires countries to put their fiscal house in order

Rising global debt requires countries to put their fiscal house in order

Amid heightened uncertainty, policymakers will need to deal with complex trade-offs between debt, slower growth, and new spending pressures, says the IMF

Rising Global Debt Requires Countries to Put their Fiscal House in Order

By Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro WASHINGTON, D.C. | 26 April 2025 (IDN) — Major policy shifts underway have heightened global uncertainty. The series of recent tariff announcements by the United States, and countermeasures by other countries have increased financial market volatility, weakened growth prospects, and increased risks. They come in the context of rising debt levels in many countries and already strained pu…