Overview
- The IMF projects global public debt to reach 92.3% of GDP in 2025, with warnings it could approach 100% by the decade's end, totaling $85 trillion.
- U.S. public debt has surpassed 120% of GDP, hitting $37 trillion in 2025, and is expected to exceed $40 trillion within two years, making it the largest global contributor.
- Spain's deficit is forecast at 2.7% of GDP and public debt at 100.6% in 2025, reflecting a broader trend of fiscal strain in advanced economies.
- Recent U.S. Treasury bond sell-offs, triggered by new tariffs, have increased market volatility and borrowing costs, raising concerns about the dollar's safe-haven status.
- IMF officials emphasize the urgency of reducing global debt levels, while experts debate the sustainability of U.S. fiscal policies and their long-term implications.