Global public debt is set to rise “modestly” in 2021 after some US$14 trillion was spent last year to tackle economic damage from the coronavirus pandemic, according to the International Monetary Fund (IMF).
The IMF estimated in its “Fiscal Monitor Update” published on Thursday that global public debt is set to reach 99.5 per cent of gross domestic product (GDP) in 2021, up slightly from 97.6 per cent at the end of 2020.
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