IMF Chief Notes Return of Austerity, Debt Nears 100%
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IMF Managing Director Kristalina Georgieva is calling for austerity measures in highly indebted countries, as global government debt is near post-WWII highs and could exceed 100% of economic output by 2030. She highlighted the need for tighter fiscal policy due to rising financing costs.
Source: euronews.com
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