Global government debt on course to hit 100% of GDP by 2029, IMF warns

<p>Ratio would be highest since aftermath of second world war, with UK among G20 countries forecast to peak above</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/oct/15/rachel-reeves-uk-beacon-of-stability-growth-imf-budget-tax-spending-stock-markets-business-live-news"><strong>Business live – latest updates</strong></a></p></li></ul><p>Government debt across the world is on course to hit 100% of global gross domestic product (GDP) by 2029, according to analysis by the International Monetary Fund, the highest level since the aftermath of the second world war.</p><p>In its Fiscal Monitor report, the IMF said aggregate government debt had risen more rapidly than expected before the Covid pandemic, when policymakers stepped into protect citizens and bail out hard-hit businesses.</p> <a href="https://www.theguardian.com/business/2025/oct/15/global-government-debt-100-percent-of-gdp-by-2029-imf-uk">Continue reading...</a>