Tag #Fiscal Monitor

How do the trade war and reduced development aid specifically contribute to rising debt levels in different regions?

The IMF's Fiscal Monitor highlights that escalating global government debt is driven by multiple factors including increased defense spending, higher demand for government support from citizens and businesses, and rising interest rates resulting from the trade war. Reduced development aid further exacerbates the issue, particularly impacting poorer nations. This marks the third major economic shock in six years, following the pandemic and energy crisis.