IMF chief signals austerity is back as global public debt heads for 100% of GDP
- GDP: 12 events in the last 90 days
- Previous: earlier the same day · Microsoft publishes Nobel economist's bearish AI forecast of just 1.5% GDP growth over a decade
What happened
IMF chief Kristalina Georgieva has urged heavily indebted governments to tighten their belts and central banks to take a hawkish stance, signalling a return to austerity as the energy shock from the Iran war, record public debt and a credit-fuelled AI investment boom weigh on the global economy.
Summary assembled by rule from the sources below