The clouds of a potential debt crisis are threatening to cast an ominous shadow over the global economic landscape. The International Monetary Fund’s (IMF) latest Fiscal Monitor (April 2024) has flagged grave concerns. Even four years past the Covid-19 outbreak, fiscal deficits and debts remain elevated worldwide compared to pre-pandemic projections.
The IMF’s latest Global Debt Monitor, which tracked data until December 2022, reported total global debt (private plus public) to have…
