IMF warns global debt returning to pre-pandemic upward trend

The International Monetary Fund (IMF) is warning that global debt levels are returning to their pre-pandemic trend, threatening debt sustainability in some countries.
In a recent report published by the global body as part of its debt database, data shows total debt stood at 238% of GDP in 2022.
That figure is nine percentage points higher than 2019 though it has come down sharply from its peak of 258% in 2020.
The IMF says the world has been on a debt "roller coaster" for three years, but debt is likely to rise again over the medium-term.
It is urging governments to adopt strategies to help reduce debt vulnerabilities both in public debt, household debt and non-financial corporate debt.

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