#IMF warns #Global #PublicDebt to pass $100 Trillion by end of this year. #FiscalMonitor #Report urges govts to put through #TaxHikes and make drastic cuts to #PublicSpending and #BudgetCuts despite well publicized plans to do just the opposite.

Both #USElection #PresidentialCandidates are committed to policies that will add trillions in #debt to a fragile US #economy while in #EU govt #bonds have experienced sell offs, and #UK seeks to "tweak the definition of public debt used for the UK’s #fiscal
rules to allow for more #borrowing."

Global debt will be almost 20% points of GDP higher next 3 years than previously projected: "Much more substantial fiscal adjustments are needed".

https://on.ft.com/3YnU6NB via @ftworldnews #GiftLink #FinancialTimes

corriere.it by Redazione Economia
Fmi, l’allarme: «Il debito pubblico globale sale a 100 mila miliardi, il 93% del Pil»

Nel Fiscal Monitor si stima che il debito globale sarà superiore di quasi 20 punti percentuali del Pil a tre anni rispetto alla proiezione di base: «Servono aggiustamenti fiscali molto più consistenti»

Translated:
Global public debt rises to $100 trillion, 93% of GDP.

According to the IMF's Fiscal Monitor, global debt will be almost 20 percentage points of GDP higher in three years than the baseline projection: "Much more substantial fiscal adjustments are needed".

#FiscalMonitor
https://www.corriere.it/economia/finanza/24_ottobre_15/fmi-l-allarme-il-debito-pubblico-globale-sale-a-100-mila-miliardi-il-93-del-pil-942fe496-f32f-4fd3-9943-2b59609b3xlk.shtml