Public debt levels have ticked up again in the United States, the EU and China in 2024, according to estimates by the International Monetary Fund (IMF). As of October 23, U.S. government debt reached 121 percent of GDP, while in China it was 90.1 percent of GDP and in the EU it was 82.7 percent of GDP.
Global growth is expected to remain “stable yet underwhelming” in 2024 and 2025, at a steady 3.2 percent, according to the International Monetary Fund (IMF) October World Economic Outlook, published Tuesday.